Actually I was really referring to this:
Good question and one that crossed my mind this morning while out walking the dog.
Here is where my pea brain went on the question:
If the market reflects future events, then this drop is a needed correction to the Fed floating the idea of raising interest rates in September.
With the current debt load rates have to come up sometime, but no previous government has successfully recovered in this manner. This is just a flash of lightening before the big collapse in September, why? Because the Fed will raise interest rates in September anyway. In fact, this flash will settle down and events will seem normal. This will cause the Fed to raise rates, not by the .25 base points, but the idiots will raise rates by .5 or .75 base points in September.
http://www.freerepublic.com/focus/f-news/3328435/posts?page=66#66
Because the Fed will raise interest rates in September anyway.
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I think that is off the table now. It could do irreparable damage to a fragile economy. Odds of a December hike are below 50% IMO. The Fed will look to stimulate, not deflate. Just my humble opinion.