Market's Response to Fed Tapering - Noooo!

With the Fed event over today, its time to see how the market will react to almost definite tapering this year and potentially ending of ZIRP next year - not good at all.

And tomorrow may not look great either.  Futures so far:

Americas

Index Future	Future Date	Last	Net Change	Open	High	Low	Time
Dow Jones Indus. Avg	Sep 13	14,993.00	-54.00	15,040.00	15,040.00	14,971.00	23:43:02
S&P 500	Sep 13	1,615.80	-7.90	1,621.00	1,622.70	1,611.40	23:43:30
NASDAQ 100	Sep 13	2,944.25	-12.00	2,952.00	2,952.00	2,939.75	23:41:23

The interesting thing is that as I mentioned to a friend today, everyone knew this would happen eventually.  It was only a question of when.  And apparently nobody is ready to leave the party yet.