market s reaction is to the fed. so far, not a whole heck of a lot. in fact, this is the first time we ve had a fed meeting this it year that the market didn t trade up sharply. what it got from the fed was kind of what it was expecting, extended operation twist. but it also got more than that from the fed, a downgraded economic outlook. the fed is looking for the economy to turn down, also look worse than it was expecting for 2013 and 2014 and they re expecting the unemployment number to hang in there at higher levels, above 8% for the rest of the year. that s the concerning part. wall street hears the economy doesn t look great and not offering up any qe-3 extended ease. and then today get the jobless claims number right in line with expectations but those were pretty lousy expectations. a number of 387,000. that is still closer to 400,000 than the 350 we ve been seeing before. still, at this point, the market is hanging in there. this wasn t too far out of line with expectations. an