U.S. Stocks Drop, Dollar Gains, Treasuries Fall on Fed Plans

http://www.bloomberg.com/apps/news?pid=20601087&sid=axO1FjlT2Vcs&pos=3

“The Fed is not taking the punch bowl away, but it’s making the cup smaller,” said Dan Veru, who helps oversee $3 billion at Palisade Capital Management in Fort Lee, New Jersey. “It’s not raising rates quickly because that would put the recovery in jeopardy. But it would be draining liquidity. In addition to that, we’re still hostage to the troubled economies in Europe waiting for a solution. We’re trying to read what that all means.”