Quote from faure: SnP is at 1433 right now. This China thing is blown so way out of proportion it's almost comical. The bears are actually gloating. I don't trade US equities but it doesn't take much to see the that the time to buy is now. Im not gloating, I think the markets do run higher again its just that now there is alot more fear surrounding these markets. Its nearly impossible to guess where we will be in 2-3 months. Will we look back at this in 2 weeks and think of this as a buying opportunity or be glad we sold AAPL at 84, GOOG at 448 and RIMM at 138??? All I can say is last week many were glad the nasdaq broke 2500 and that the semis looked like they were ready to break out above 490, but it seems thats far behind us now, volume was just insane on the QQQQ today. I think many might fall into another rally were we do race to new highs, however after a day like today many will be aware that a market can only go so high before a severe one day correction takes place.