The Federal Open Market Committee held interest rate unchanged and did very little to hint at new QE on the horizon except to change the language “to closely monitor incoming information. ” Will all bad data get bought going forward? Computer malfunctions from Knight Capital alsogave some wild moves to over a hundred stocks. At the end we had a small sell the news reaction but the small caps were hurt badly. However the damage was contained as hopes are for some ECB action overnight hinted by Mario Draghi recently.
