"Dow Surges 400 Points After Fed's Bullard Prevents Plunge With QE4 Bluff"

I love the smell of volatility in the morning.
From ZeroHedge:

It never gets old... if this sell-off was triggered by a realization that the consumer is truly depressed (retail sales) and the Fed is almost done, then the face-ripping rally (notably on weak volume) of the last 24+ hours is the ugly truth that the 'market' is always and everyday a function of central-bank bullshit. Since Bullard's "QE4" comment (strengthened by random headlines on Yellen's "economic confidence" and ECB Coeure's "QE any minute" comment), the Dow is up 400 points, S&P up 70, and Trannies up 3.5%. Small Caps are now up 3.5% on the week and 30Y Treasury yields only -2.5bps on the week.
Since Bullard's Bluff...

Bear in mind this is almost a 50% retrace of the drop (dead cat?)...MORE