Re: Pacquiao and Marquez at the final bell comparison - Pictures tell the story
I don't think Manny not raising his hands indicates anything. He didn't raise his hand after the Mosley fight.
Go to 1:36
And note how his head is also down. I don't think Manny thought he lost, he was just upset that nothing really exciting happened. And most importantly, I just don't think he cares as much as he used to. The dude is an 8 division champion, what more does he have to prove? Overall, I think everyone is taking his immediate postfight reaction EXTREMELY out of context.