Well the FOMC minutes definitely showed real panic by the Fed about the dire economic conditions facing the nation. The question of coarse is whether conditions interpreted as so miserable can lead to anything but sideways action at the best for these markets. Acknowledging severe conditions does provide some honest tranparency to current financial problems. One wishes the same transparency would be used by the Treasury and Fed as to just where all the bail out money has gone. Information they both refuse to release.
Volume remains low and internals softening up as the markets wait for Friday's jobs number.
