I'm still amazed how the specialized financial media keeps distracting the investment community from the real issues behind the recent markets actions. There is no doubt that the Syrian issue is serious and can have a serious implications on markets. But it seems that now the market is becoming worried about the Fed's policy because it's almost September. In addition, $GOOG is loosing ground against $AAPL which is putting more pressure on the SP500.
$SPY: Google stock price is falling back again, dragging the index along with it. The index is developing a short-term ascending trend that will face a serious mid-term resistance that can hinder it from continuing, especially the 1683 level. It seems that trading below the 1639 is ..........- See more at: http://www.sptinvestors.com/Short-term-trend-update-Aug-27th-SPY-GOOG-BAC-AAPL#sthash.Y80yfXta.dpuf