I agree. With that said I'll be covering some puts around 1430 SPX because I think we'll bounce 60pts from there. However the next leg down will take SPX to 1310 sometime in Q4.
Quote from ghostzapper:
in case you haven't taken ghostzapper seriously,
now is the time..
The S&P won't see 1555.9 for years.
The 4 year bull market that has doubled the S&P from its lows is now over.
Take it to the bank amigo.