the volatility today was created automatically because many,many HFTrading Terminator programs were set heavily short. When they were triggered to cover you got the enormous psychotic range. No one expected QE today especially after the criminals from Goldman came out yesterday and announced that QE was a very likely outcome for today. Not even the morons on the Street believe these crooks anymore.
"what a piece of work is a Man. How noble in reason, how infinite in faculties and yet... what is this quintessence of dust?" "and now how abhorred in my imagination it is..." "What is a man if the chief good and market of his time be but to sleep and feed? A beast, no more." "the rest is Silence."