I was referring to the price swings.How can it not get scarier? Wasn't the fed fund rate at like 6-7 % when the 2008 bomb hit? They had rates they could cut and stimulus to provide. What do we have left now? The rate is now exactly what it was during most of Obama's term in office, as we were recovering.
With regards to your concerns, I agree. They're completely out of ammunition. But then again, why are you so surprised? Everyone, myself included, have voiced concerns about this long before the market correction.