[JasonC]

No, he did not know the initial reaction would be negative. And what he considered negative was not the fact that the Dow dropped 2.5%, but the fact that LIBOR rose instead of falling.

As for the Fed chairman, he has yet to impress me on any point. Before or after talking his present position. I consider the entire crowd running this stuff today to be way over their heads, and riding a hurricane.

[SaxxonWoods]

Very well. Your opinion noted that you know more than the FED governors. What would your course of action have been, now that you have the advantage of hindsight?