The craziness seems to get washed out.
The panic selling of the Nasdaq was quickly reversed and the VIX failed to close above 20.
Maybe we over stretched on the Fed announcement.
Did anyone really expect that tapering meant continuing to expand the balance sheet?
I don't think anyone is too surprised -- they'll let bonds mature and simply let their balance sheet value leave the economy.
It seems like a pretty fair and balanced approach to the current economic situation.
