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Market closes lower after fed minutes hit wall street. Bob pisani here with all this action. Not the market doesnt know the fed is going to taper at some point, bob, any time its faced with that reality, we see sellers come out of the woodwork. Yeah. Were parsing every comment and cynical in here. You could prove almost anything reading these minutes. Heres the sense, let me put it up for you, that got people talking. Participants considered scenarios under which it might be appropriate to begin to wind down the program before an unambiguous further improvement in the outlook was apparent. Some people were talking about tapering sooner rather than later. I think thats the key sentence in the whole record. The tenyear, which had been moving up prior to this announcement, moved up even further. We were at 2. 71 at the start of the day. Closing right near 2. 8 . The dow drop the a little more than 100 points but ended off its lows. Still a decline on the day. Not surprisingly, United States , New York , Green Mountain , District Of Columbia , New Jersey , South Dakota , Liz Ann , Paul Jacobs , Charles Luna , Raymond James , Kathleen Sebelius , Liz Ann Sanders , Mandy Drury , Bny Mellon , Ron Heller , Los Angeles , Maria Bartiromo , Bob Pisani , Jimmy Carter , James Bullard , Erin Swenson , Tim Tebow , Andy Griffith , Elizabeth Wilner , Robert Luna , Wind Program ,