Yeah, right. Everyone was just waiting for the Fed to unveil this brilliant move. The only happy people are the ones that bought at the close and held in hope for a rebound today.
Futures were trading with upward bias all morning. So you're saying that nobody woke up and was trading the long side? So just short anything up? Good Luck!
Sure, some people got an early Christmas present. But some probably went short term bearish to capitalize on a continued move down. I'm not a counter trend trader so I won't be fighting the trend.
Can't take advantage of these kinds of moves, I'm always afraid of gaps in the wrong direction Oh well.
Looking at the market action, it looks like shorting the open would have been a great move. Could be some big players trying to bring it down to get out of their shorts.