I find it interesting that this "bad news" comes out exactly when the downward movement seemed to have reached its bottom and the chart looked like a coiled spring. I hasten to add that I really see it as a coincidence. Perhaps the market had anticipated this and therefore the sp moved back to the level which it had after Wynne's first announcement in May, when this was merely a declaration of intentions.

Anyway, I think that we should see a countermovement in the sp now.