have been surprised so far at how orderly the market has been, despite the heavy losses. Just as it seemed that the market would roll over into the big one, it would rally back from the brink. This week, options expiration week, has no such outcome available. The rally was too small and too early. The SPX must be at by afternoon to mitigate the exposure to the massive overhang of put liabilities. Wall Street will win this one again. Investors will lose, big time.