As I write the S&P futures are up by over 50 points. I don't believe that the S&P 500 will make much headway this Summer and that this is a chance to lighten up. I was short the morning of the crash and switched to a net long posture for a trade a couple of hours before the crash. It looks like I am being bailed out of my bad trade and I will be making sales at the open.
It is beginning to look like the goldbugs are right. All roads are leading to the printing of money and debasement of fiat currencies.