Stocks Incur Precipitous Losses

For a second post Fed rate hike day stocks were lacerated.  Taking a lead from stocks off shore, equities here took large losses.  The fact that the Fed's Bullard stated that there would be four rate hikes in 2016 did not help much.  After Janet Yellen stated and re-stated that future rate hikes would be carefully measured based on whether the economy continued to improve, Bullard blatantly blurted any way.  The Dow was down 367 points today.