Hedge Fund Special

Straight up and straight down.  We are down 4 straight days after the mother of all face rippers from 1307 to 1374.  The smart hedge funds know when to pile in and they leave the bag for the latecomers to absorb the risk.  It used to be more halting moves when retail and mutual funds traded a bigger percentage of the total, but now the hedge funds and HFT bots rule the roost.  Fed minutes later today should disappoint, as they were for the meeting when the markets were up, and Fed usually doesn't like to mention QE3 when markets are up.