US Equity-based markets are getting crushed

Why? Says who?

 

I have bids in at $80 on the SPY. Might get hit next week.

 

The markets were oversold on 911....now they are overbought....still, on the monthly chart.

Thats the difference. 911 isnt what sent the market down.

World events will accelerate the fall but are not the sole reason they are falling now.