Wednesday Blues

Today, it is raining here in Mississippi. Also, in the markets, a broad and rapid late afternoon selloff pulled stocks lower despite a brief run-up on the Federal Reserve's decision to leave interest rates steady. In what traders called an optimistic Fed statement, the Federal Open Market Committee said at the conclusion of its two-day policy meeting that "economic activity has picked up following its severe downturn." The central bank's rate-setting panel voted 10-0 to keep the target for it federal-funds rate for interbank lending at a record-low range of zero to 0.25%. We hope tomorrow is a better day! DJIA -81.32 S&P 500 -10.79 NASDAQ -14.88