Probably, but the S&P and Dow are on or very near their uptrend support channels so this may be just another buying opportunity short term (about a month). We should get a nice rally if they hold. IMO the S&P is trying to fill the big gap at 1630, maybe tonight or Monday? Just remember the QE threat is a sham, the Fed can't taper without blowing up the US economy & letting China take over. Just ask Wal-mart how great the US recovery is! There's MORE QE coming, not less imo. I'm 60% in Aussie (mainly) & foreign (mainly non-US stocks), 10% PMs, 10% Reits, 10% hedge funds, 10% cash. I plan to deploy the cash into PMs on any pullback but will probably go into some mainly US funds for a little ride before the debt timebomb blows up if the 1630 holds on the S&P and bounces. There should be a good 100 points or 125 left in it ...
