Market Figures Out Fed No Longer Has Its Back
Submitted by John Rubino via DollarCollapse.com,
US stocks soared while the Fed was meeting to raise interest rates this week - though it’s not clear why that should be so since monetary tightening isn’t generally a good thing for stock prices.
In any event, it didn’t last. Over the past 48 hours the Dow is down more than 3%, with many, many individual stocks down far more.