Called it, bernanke punts...

Bernanke punts, puts off any QE3 announcements to sep. 20th, where he will likely punt again.    In the knee jerk reaction phase in the markets right now, we had a flash crash followed by what is now becoming a flash boom.  I don't think it will take more than a week for everyone to eventually decide that this is bearish news, and the ensuing plunge will occur.