There was a big intra-day reversal in stocks as Benny failed to provide any QE Christmas Candy in the FOMC stocking today.
The index fell out of its triangle. The bulls have their work before them to save the day and get the Zynga IPO out the door.
"You made this monster, and as long as things were going well you gave him whatever he wanted. You turned Germany over to this arch-criminal, you swore allegiance to him by every incredible oath he chose to put before you. And so you made yourselves into the warrior slaves of a man who carries on his head responsibility for a hundred thousand murders, and who is the cause of the sorrow and the object of the curses of the whole of the world."
Friedrich Reck-Malleczewen, 1947