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The Fed is acting like a teenage girl who does not want to go to the prom with you, but doesn't want to reject you either. Last night's text-message via Steve Leisman on CNBC and today's 'wait - wait, we didn't really want a 300-pt reaction' announcement show they are continuing to react immaturely to every adverse market repsonse stemming from a Fed action.
Either they are deliberate or they are just idiots - neither of which is very impressive and all of which is a concern for when things are more challenging and the general market is not but a few %-points from highs.
Wow.