I wonder if the foreign central banks like BOJ or SNB will unwind their "securities" too. Boy this sure is scary. Maybe I should get on the other side???
Let them throw their tantrum because the Fed is finally going to do what it needs to do; start reducing - in a very controlled manner - their massive 4.5 trillion dollar balance sheet inflated largely through their massive QE efforts beginning under Bernanke. It seems to me that this would be as good a time as any to retrench at least some in these present markets. Back in today in the after market. Shall see how things unfold from here....