The market swings over the past month or so, I think have to do with a fierce struggle between the fundamentalists and the technical quants. almost every substantive measure of the economy (unemployment, output, etc.) show the fundamentals are still terrible and have not made any upward turn and that is why so many fundy managers are sitting on the sidelines or are net short.

However, the technical indicators, esp. the moving averages, show great support at current levels (i.e, golden cross) and that is why technicians are buying every dip. Moreover, every executive, politician and the Fed official has every incentive to keep touting the “green shoots” line, if they want to keep their jobs.

Therefore, until there is concrete data either way, this market will be difficult to understand to most of us.

it doesn’t make any sense to me, but then again these names have huge short interest so the moves aren’t always rational. The fundamentals of these stocks are certainly horrible. The discrepancy in share price movements between LEN, KBH and the general market today and yesterday are odd to say the least…