I agree. A few hundred points will not shake the Fed's determination of letting Congress fix the mess. The tools are getting less powerful. Even if they announce another sudden repurchase of short term securities, interest rates go lower but then what will it do to housing and the job market ? Nothing if people have no money.
To create jobs, you need help from big companies and giving a tax free holiday for repatriating overseas funds and another 5-year tax inventives for job creations and capital investment. These won't add to our deficit as we're letting the private sector do the stimulation.
Barry wanting to spend more money and congress wanting to cut.
As things get worse for the banks and TPTB, we should be getting closer to starting a war somewhere. Might as well take care of Iran's nukes. Sounds like France, Suadia Arabia and Israel all want that taken care of. Especially the house of Saud.