In what’s become a familiar pattern, the rally is occurring on low volume and without any of the drama investors have become accustomed to in the past two years. That’s good news but it’s also a sign of what Scott Bleier, president of CreateCapital.com, calls a “zombie market,” where the vast majority of trading volume is computer driven and occurs at the open and during the last 10 minutes of the session.

Bleier’s theory — which definitely has some “conspiracy” elements — is that policymakers at the highest levels of government have come to the realization that “it’s the capital market tail that wags the economy’s dog.”