Red

Closing price on the SPX is 1119.55 (notice the 111), and down 6.66%  Enough said!

all that qe2 money, and it only lifted the markets 7% as of today—what a complete waste of money. who was the idiot that came up with that plan.

if 1084 gets tested, i’ll wait for 666—:)

Anoop, any new updated about the cross

Probably a bounce tomorrow before Bernanke speaks, and then back to the selling I think.  If Bernanke starts QE3 tomorrow the market won’t like it and it will continue to crash. If he does nothing, it’s still will crash. He’s screwed both ways!

Us bears can finally eat!!!! The question is, as Mish says “where to from here”?

 Well crap… I listened to that whole radio interview and Dex wasn’t in it?

ES Descending triangle updated: http://niftychartsandpatterns.blogspot.com/2011/08/es-descending-triangle-updated.html

I am long for a few hours, possibly back into the short near the close.

Cool… just don’t go long.  I’ll probably exit my shorts at the close and get back in short tomorrow if we have a “Bernanke Bounce”.