Shitsville: Stocks Selloff Wednesday

The Dow dropped 81 points this afternoon and the S&P 500 fell 1%.  We knew the good times couldn't last forever in the equity markets, the Fed can only do so much.  With the market up 60% in six months, traders hit the sell button today and cashed in. Let's hope for those of us with cash waiting in the wings stocks get even cheaper.

NEW YORK (Reuters) - Stocks fell on Wednesday as investors worried the Federal Reserve might be closer to reducing vast efforts that have shored up the economy and supported big gains in asset markets.

According to the latest figures, the Dow Jones industrial average (DJI:^DJI - News) fell 80.79 points, or 0.82 percent, to 9,749.08. The Standard & Poor's 500 Index (^SPX - News) lost 10.77 points, or 1.00 percent, to 1,060.89. The Nasdaq Composite Index (Nasdaq:^IXIC - News) gave up 14.88 points, or 0.69 percent, at 2,131.42.

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