Well another trader's rule. FED rate is 0% and has done the job of 40% recovery from march lows and now FED will stop buying treasuries and stop buying stock. FED is the ultimately last lender of last resort and last buyer of the markets. anyone who thinks the FED isn't manipulating the markets vai goldman or Plunge protection team is a fool. FED and banks with it's easy credit and lending creatd this credit crisis....high risk investments overleveraged etc. this just shows how powerfull the FED is and isn't raising interest which is bearish for the market and economy. as the FED doesn't see economic recovery for years and is comfortable with raising interest as the economy is very very weak. even in 1982 bear market and 1987 crash 1989 and 1990 and 1974 FED interest was high in the 5% so FED forecast is right this is a deepest recession ever...if the FED was optimistic about the economy rates would be going higher. this could be japan long long deep recession.