At the risk of being naive…

…can anyone tell me why the market sold off so fast today? Last I check in – around the fed announcement – things were heading up.

I’m still a little vacation dazed. Guess I’ll turn on the tv and try to find out.

Comments

  1. …”Stocks tumbled Wednesday, retreating from one-year highs, as investors took a sell-the-news reaction to the Fed’s decision to hold interest rates steady and keep its economic outlook relatively unchanged.”

    http://money.cnn.com/2009/09/23/markets/markets_newyork/index.htm?postversion=2009092315

    In other words…… doesn’t the ups and downs of the market drive you nuts?.. it’s so stupid.

  2. It ran up a bit and then pulled back after punching through 9900. I figured there was a bit of an emotional response because it didn’t look like a technical level.

    The ups and downs are what MAKE a market so I won’t complain.