They're Jacking up the Market

If there is another half decent day like today, so close to the finish of the year, then brace yourself for the idiots who love to say that the hedge funds are pushing the market higher. What they won't remind you about is that the last week of the year in 2005 was nothing like this. While hedge funds might be able to prop up a stock or two (usually of the microcap variety), they cannot prop up the S&P 500 and if they could then why don't they do it every year, every day or every week. The conspiracy theory holds very little water.