The answer, you guessed it, is the "Gartman fade" yet again, and the reason why several hours ago we tweeted this:
Buy everything: Gartman just flip flopped again
— zerohedge (@zerohedge) September 10, 2014 [2]
To wit:
We are “uncomfortable” about the prospects for the broad market here in the US and abroad and we’ve bought derivatives sufficient in size to bring our net exposure to the equity market back to neutral once again. With 9/11 upon us, and with the very real possibility of al-Qaeda or the ISIL or some other “radical” fundamentalist, Muslim terrorist group… or some fanatic lone wolf… to wreak havoc upon the West seems uncommonly high. It is better to err upon the side of neutrality than to make large, or even modest, bullish bets at this point.
The rest is ramp history.