Fed Minutes Don't Explain Market Gloom

I am having a hard time fathoming the market's manic and ultimately negative move in Wednesday's session after the Federal Reserve released minutes from its July meeting. But I am chalking it up to the fact that people are still spooked by the prospect that the Fed will taper stimulus, and that they just want to sell.

Frankly, I'm starting to think some of this selling also has to do with the unknowns surrounding that Goldman Sachs (GS) options trading error. That still needs to be unwound -- along with, perhaps, a newly announced investigation of JPMorgan Chase (JPM), which now has the involvement of the Federal Bureau of Investigation. JPMorgan is being accused of energy-price manipulation, among other things....464 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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