Yesterday it was the Fed’s latest intervention in capital markets, when shortly after yet another ghastly open, the Fed’s Bullard added some PPTness to stocks when he first said that the Fed “should delay in ending QE“, only to backtrack several hours later he said he was nervous about “staying at zero” and that the Fed is “not too far from its employment goals.” Of course, the only thing the algos heard was a delay in QE and following John Williams’ comment earlier in the week about more possible QE, have now reverted to the old central-planning regime where the Fed (and o