Even with the Fed extending the duration of its portfolio, which was widely expected, nothing in...

|By:, SA News Editor

Even with the Fed extending the duration of its portfolio, which was widely expected, nothing in today's announcement has sparked any real confidence. Equities aren't responding well. What the markets appear to be saying is that something must really be concerning the Fed for them to do something they haven't done since the 1960s. Dow -1.9%. S&P 500 -2.3%. NASDAQ -1.1%.