We may get a bounce because the “uncertainty” is gone. It isn’t. Fiscal cliff is uncertain. Europe is uncertain. China is uncertain. Earnings are uncertain. Some of the people saying buy the dip are the same people who said a Romney win was sure to be good for the market (which I disagree with).
So feel free to buy the dip. Algos may even drive us higher on the open, but I will be taking the opportunity to sell with S&P 1,375 to 1,400 as target.