Fed Strikes Fear into Markets

--SPX and the two sigma beast
--FED tone inflicts damage
--last week meme was back, now... fear and loathing
--investor psychology damaged goods
--/ES we lost 4211 in a hurry; 3931 on deck
--volatility has yet to awaken

SPX Expected Move --
--last week -- 82.25 (expected move)
--next week-- 107.81 (expected move)