Who's laughing now. Instead of criticizing people, why don't you stop playing pocket pool and wipe your tears because you sold every thing you own at 8:30.
Well if you were "long calls on brokers & financials, and a crapload of Yen, bond, and gold puts" you would have done pretty good today.
I don't know if you are right. I don't think you are. But in any case you should not wade into this market during triple witching week. Wait at least until that's over, then re-evaluate. Seems to me we should have at minimum another 10% to go down. At least to the 1050 area, that someone else has mentioned, and probably lower still after the election. Perhaps in 2009. Good luck, but i recommend being more patient.