GOOG and Market

I am wondering if GOOG earnings leaked why the market is so weak here?
Or maybe this is one big huge trap for the bears

1310.50

Nothing much happening here- new lows for the day but far away from the overnight lows- watch 1310.50 for some support

Positive today?

If we get positive today I would be looking at that 1329 level on the S&P. In the mean time Gold is en fuego obviously because of all the bad news in Europe and the US Debt crisis, yes it is a crisis.

Overnight action

Overnight action again took the futures down to 1302 on the Moody's announcement of US downgrade. 30 mins before open we are trading at 1317 level. Seems like 80% of the action in the markets seem to be overnight while the daytime action is muted.

Market Problem

The real market challenge for average folks is that most of the movement is happening after hours. Last night the futures hit a low of 1295 and opened this morning around 1313. Now that move overnight would have give an average person who was short huge returns but since there is no way to play over night action if you are an average guy, the big guys just rack up. This is one of the reasons why the big boys can still make money and the small guy can't.
So where does that leave us today. Well I am hoping we do get a turn around tuesday but almost 30 mins into regular trading we are just bouncing around opening prices.

CNBC- IDIOTS

Everytime I try and watch CNBC I see some news that is not true- They have a huge running ticker 10 mins ago saying BAC is trading at all time lows, REALLY! Thats the lowest BAC every traded??? Does anyone call them to tell them they are posting wrong info? What a waste of time to watch!!!!!!!

Interesting

So where the big guys pushing the markets up for the small guys to think we are in bull mode or have the European problems bigger than we think. All I know this is one crazy and hard market to trade and this proves it once again to keep it small and know your stops. Alot of volume today on this downside so most of the reflection points should be hit on the S&P. S&P hit 1314.75 which was support and we bounced almost 6 points off there while Obama was talking.
Still watching to see what goes here as they could turn this into a buying opportunity for earnings season.