Wow, That's Some Stock Market Reversal!

Afternoon Swoon!

This is typical following a Fed intervention, verbal or otherwise. Once the excitement of a Fed statemet or policy announcement wanes, the market tends to resume its underlying trend. In this case, that's DOWN!

Stocks rose last night, and the Dow was higher by about 75 points, but since then, the Dow has dropped 175 points -- as much as Friday's entire gain -- and we are now down nearly 100 points Some reversal!