Stranger things have happened.
Sure the Fed moves the market, but who are the buyers.
Look at the Yahoo boards, all of them.
IWM used to be deader than a fresh thought in a bureaucrats brain but with the advent of the "New and Improved Boards" all the boards are marked with posts that ask; "Where is everyone at"?
Ask yourself; Do frequent posters on yahoo boards move the market? Probably not, but
does the lack of activity on all yahoo boards lead to a change in investor sentiment?
If you think that some investors that have real money invested in real stocks are influenced not by individual comments but the overall tone and tenor on All the boards, then Yahoo boards may indeed be a factor in investor sentiment and a noticeable change in the momentum.
Can you fight the Fed?
Can the Fed fight overwhelming market sentiment?
I doubt whether Yahoo message boards have all that much influence. It's obvious that nobody that posts here knows for sure, nobody does, it's just all speculation, chart reading, headlines, etc. Those that move the market are far more influential than those who post here. The markets are going to do whatever the big investors do. That's pretty much it. That being said, I think there is potential for further upside because of all the easing being done round the world.