The Fed should be ashamed it has come to this farcical situation. Former FX trader and fund manager:

"The economic numbers released yesterday can best be described with a reference to wheels falling off the bus. And it wasn’t just retail sales and PPI in the U.S. but numbers from around the world, including China. So, of course, when I woke up this morning the obvious first question to ask was, how much are equities up?"

zerohedge.com/ne...as-how