SPDR S&P 500 (SPY)

[BlackThought]

actually what's going on is:

bad news = good news

why? because Ben made it clear that he would print more DOLLARS if the economy were to slow down.

now pull up an intraday chart on GLD, dollar, and SPY.

'unexpected' low consumer confidence data came out:

market sells off
gold sells off
the dollar rallies

but wait a minute... bad news = more dollar printing, so why would people want to buy up the dollar when inflation is what Ben is going to resort to?

so people start buying up GOLD because with the currency debasement war going on in the world, it's the safest bet.

now people who have more appetite for risk starts buying up STOCKS because inflation = higher stock prices.

Ben had made it clear at the FOMC meeting that he was no longer looking for 'price stability', he's looking for inflation.

what David Tepper said is probably true, and big money probably knows this. and you know how your average retail trader follows CNBC. so i'm guessing big money is milking this thing to sucker the retail herd, and they're keeping it at this level to load up on puts, then they'll pull the rug out. why?? because it's too EASY.

http://www.cnbc.com/id/39403593