Bazooka Bust? Stocks Erase Gains After Unprecedented Fed Action

It was al very exciting for a few minutes there as Dow futures spiked 1500 points on The Fed’s cumulative $4 trillion repo bailout. But that is almost all gone now as reality sets in that this is purely to fix technical, broken markets and does nothing for stocks… or actual real people…

Was the market expecting The Fed to announce it would be buying stocks?

And bond yields are rising once again…