Expectation of Fed action, Fed gimmicks, a dollar in absolute free-fall......and look where gold is.
This is a market that is in a (headfake) bull run with U.E. close to 10% and expectations of that U.E. to stay near those levels for the next 2-3 years? Stagnant wages, record levels of U.E./underemployed doesn't bode well for the expansion of the largest part of our economy (70%)....strange days we live in if that is not fazing the market. This really shows you just how bad things are.
The Fed will do what it wants, plain and simple. To many political factors to let things , god forbid, operate on fundamentals.