The volume was fairly weak for that. So you couldn't call it a blow off top. There were a lot of gap fills in the mare actively traded ETF's. The current account deficit figures released today were pretty bad. That weather excuse is getting old, and in this case makes no sense at all.
Lou....just to be clear....I've been about 80-90% long the past several months.....I just know this will end very badly, it always does.....Practically no one is hedged, and most traders are on significant margin.....You're experienced enough to know that's a recipe for disaster.