wow, I haven't seen a reversal like this on no news in a long long time (well, basically since we've been low vol environment). What up?
You know the fundamentals are weak when some blabber from the fed wipes out 100+ points in 5 minutes.
who let the bears out?? Yawn.. there will be a bounce to this, the question is does the bounce take us higher or do we top (at least short-term).
This is like the 1st trading day of 2000 - well not as dramatic, but a complete reversal to red from a triple digit gain on the DOW.
The Fed reminds me of that scene in Chinatown where Faye Dunaway gets slapped around: She's my mother... sister... mother... sister