[John W]

So, now that its -486 at 10:43 AM, what do we know about what it is actually going to do today?

[GonzoGOP]

So, now that its -486 at 10:43 AM, what do we know about what it is actually going to do today?

It didn't immediately head back down. If it was a true panic then as soon as the shorts were covered you would have seen an immediate move back down. We now have a trading range on low volume. It will probably stay in that range until one of the talking heads comes on TV. If there isn't any news and Obama stays on vacation expect a close around 11,000 for the day. If Obama comes out of his ice cream shop and proposes more taxes and regulations then expect a continued drop.