last year everyone saw the fed as the market savior; injecting all kinds of stimulous and giving investors "its only a matter of time" type of hope..what does that mean? its only a matter of time before all the QE1's and QE2's start bearing fruit by way of job growth and sustained economic growth; hence the rise in the market. Now, here we are with slower growth and an unemployment rate that creeping back up. investors are now saying "damn, if all this stimulus is'nt working what will !!!! to boot, all this stimulus is causing inflation fears on top of slowing growth. i also think that initially the street blamed this on Japan but its quite obvious there is something more going on here.