On Thursday the market reversed and ended the day lower (except NASDAQ). The enthusiasm driving by the Fed decision to not taper QE was replaced by the realization that the Fed sometimes lies. Nothing affects traders more than uncertainty, and the Fed served up a nice dose of it on Wednesday. Now investors are left wondering if Ben Bernanke has started a trend (Do bankers lie?). The answer to that question came sooner than expected when yesterday India’s Raghuram Rajan hiked the interest rates to 7.5%, again shocking the markets. […]