I'm not saying the only reason the Fed is acting is to support the stock market. Obviously, there are real economic problems that are causing stocks to fall in the first place. But what I am saying is that the Fed takes a stock market drop to near "bear market" levels as the signal for when to act. And they act just enough to prevent a bear market. Even if though their moves actually make things worse in the long run. If people think the timing is a coincidence, just wait until the next time the dow falls below 12000 and see if the Fed does not come out with a new emergency measure.