Wasn't everybody aware last week that Monday and Tuesday were to be real bad given what was coming up. i.e. Options expiry, treasury auction and whatever Pic and Gata referred to regarding the Investment banks having something expiring on Wednesday.
Seems to me we all knew what was coming, now why the surprise?
I may be a glass half full kind of Guy, but if $1,040 is the best they can do (not saying it is) then where's the problem?
Later