Tursk,
Your reasoning is perfectly logical...
The trouble is, nothing else in the financial world seems to be.
Sometimes I wonder if our mistake is not to base decisions on what we feel is "right". If we had played this market by shorting what was wrong and not going long what was "right", we would be much better off today.
That being said, there is always the chance of the manipulators losing control; if that happens, I would rather be long what is "right".
stone