If you review the trading history since Obama/Bernanke meeting and then since October 2010
You will find that the number of times a sharp sell off in the morning did not have a sharp intraday rebound is tiny, since October 2010 it it can be counted on both hands. The market is not about investing, it's about control of the psyche and they are losing the confidence they can continue. There is no hedgie who believes it real, it's just the game to play until it fails.
History will not be kind to the Criminal in Chief, nor his buddies like Corzine.