Why do you need brain to trade? Investors need brain to find out support/resis. level or all other technical and fundamental bull***t. Daytraders just need leverage and plan. Simple.:p
I think you are right but lets see. Dow drops more than 200 points and S&P did not drop as used to be. Couple of days when dow dropped 238 points, S&P drop more than 35, but today it just drop less than 20. Even ES just drop 14 points.
In fact it is good news for market. First amex warned and now ML. IMHO market should take it as positive because now Bennie will act fast and will cut the rate more than .50 bp. Even it is not a permenant solution, but somehow mkt loves to hear that.