Flashing red center light
With most flat panel TVs, the TV turn itself OFF when it has a fail electronic part and the red light starts flashing. They call this "Protection Mode". The flashing red light should be a error trouble code.
But, it's weird that everything is working and the red light is flashing. Since you just recently bought the TV, I would get it check out while it's still under warranty. Better safe, than sorry.
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