with all the fed did yesterday,the LOBOR rate and the european rates barely moved. this sent a message to the markets that the fed's attempts to help the market are futile at best. now,to add insult to injury,the inflation numbers that were just released a few minutes ago were much worse(higher) than expected. what the heck is the fed supposed to do now! they cannot lower rates any more because a weaker dollar will add fuel to inflation. this might be very ugly today and i mean ugly. no last minute bounce like we had yesterday.