Well, My view is that credit improvement is going to be negligible. Moodys is not going to upgrade until they insure new muni deal. So, as per their expectation, 2-3 quarters for them for a new deal. So, we are looking at least Sept - Oct for them to do a deal. I think market is also waiting for them to write new business.
Yep you are right Tony, the only way to stop this manipulation is to avoid options. But lot of investors get greedy and get into options. This opens up and gives an opportunity for the big funds to manipulate the price and it's a very easy money for the big funds as they make sure nobody holding calls/puts make any money and in fact lose all the premiums. As you said correctly, IMO options are the biggest and a nasty distraction for the stock market. Initially, I used to buy options, but lately I am buying only the actual shares. Life is much better and simpler, one need not have to worry about expiration, et al that #$%$.