Bernanke's Fed did nothing today, and the markets sold off a bit although the markets had wide intraday swings.
Tomorrow we may see something from Mr. Draghi in Europe, and the Non-Farm Payrolls on Friday.
"'Gnosis’ was an enormous temptation in the early Christian Church. What made it so insidious was that the Gnostics did not want to leave the Church. Instead, they claimed to be offering a superior and more authentic exposition of Holy Scripture, though, of course, this was only for the ‘superior souls’. It encouraged not only an excited craving for higher initiation, but an almost unbounded arrogance in those who had moved from mere ‘faith’ to enlightened ‘knowledge'." Hans Urs Von Balthazar