The no rate-cut

“Fed days are crazy, and now people may be realizing they didn’t get the rate cut they were looking for – the Street is really fragile here,” says Ryan Detrick, analyst at Schaeffer’s Investment Research.
http://blogs.wsj.com/marketbeat/2008/09/17/bailouts-and-earnings-sour-early-market-mood/

DOW -350p. 10,712