Stocks were quiet if not slightly weak this morning ahead of the much anticipated Fed announcement, but when Chairman Bernanke announced “Operation Twist”, the market dove sharply, with the S&P 500 finishing down nearly 3% Ironically, the announcement (which normally comes at 2:15 pm ET) was delayed for nearly 10 minutes due to a paper jam. When it did come out, it seems the FOMC decided to…
View the full post at http://blog.t3live.com
