you could be right
but you do have to admit that both the SPX and USD have been beaten down badly already, specifically the dollar.
The SPX isnt down that much (whatever, 15% give or take some).... but certainly we didnt just have a 44% runup... previous 12 months
and you have to admit people are getting bearish.... you just have to look on ET to see it.
now instead of 9 million buy the dip threads, we getting lots of the "i told you so the bear is here" threads.