The only reason why the stock market was up in the first place was due to QE.
Now that its obvious that the Fed have removed the monetary heroin, the addict is going to flail around.
Yellen will put the needle back in when the DOW has gone down about 30%.
As Peter Schiff wisely said when QE1 started - there will be more QE’s than Rocky movies. And - just like the Rocky movies - they will get worse as they go along.
Every time I see QE I think of quarterly earnings.