We have been waiting for the reversal rally for the market since Wednesday and Thursday. Finally it is here on FRIDAY with USA futures, EUROPE market leading the charge in the reversal rally. Strong hint from the FED COMMITTEE James Bullard that the FED should continue its bond purchasing beyond OCTOBER in response to economic data and keeping inflation on checks.
Bullard said the Fed should consider delaying plans to end its bond-buying program at the end of this month to halt a decline in expected inflation. The Fed has tapered purchases to $15 billion a month from $85 billion in December 2012.
Some may have called for further QE to boost the slow struggling US, EUROPE economy as it is still fragile. http://blogs.ft.com/the-a-list/2014/10/17/beware-of-calls-for-qe4/