After the last 3 month run why would anybody not sell on this news
if this is not a 30 point drop on SPY then it will be onward to 1600 before the next decline. Cyprus never heard they were a problem, hard to imagine how well orchestrated these game maybe but there is much money at stake
THATS JUST IT ! People love pain ! they can't sell now it as if things stay the same they will be facing a nice down when the market opens. Its hard to say but the herd could all go for the door FIRE FIRE or maybe after 30 minutes the funds come in for a buying opportunity.
True market generally in an uptrend but I only trade options and can make money in either direction or even if the market jus stay flat. I haven't bought a stock in years and never will but I do have the time to manage what I do so for most just buy and stay the course is ok