It may have been a bit telling that the equity market was not able to rally up after Ben and his Merry Banksters pledged their troth to endless liquidity and inflation even as the dollar went into a swoon.
So much of these machine driven markets are now smoke and illusion that it is difficult to derive much legitimate information from them, however.
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“Some economists, when thinking about long memory, are concerned that it undercuts the Efficient Market Hypothesis that prices fully reflect all relevant information; that the random walk is the best metaphor to describe such markets; and that you cannot beat such an unpredictable market. Well, the Efficient Market Hypothesis is no more than that, a hypothesis. Many a grand theory has died under the onslaught of real data.” Benoît B. Mandelbrot