The uptrend is broken. We are going back to the lows! LEH rumors are starting to sound like Bear Stearns and 16,000 $22 puts have traded at 1:30PM EST. News is level 3 assets have increased at an exorbitant rate over the past week. Home sales are not looking any better and inflation is ramping along with soon to be unemployment. This recent rally occurred while passing off bad news. I wouldn't be suprised to go right through the March lows. VIX at $20. The fun is just beginning. Wait until we hear travel is down X% over the long weekend.