“Where does it say in the Constitution that stock prices have to go up?” – CNBC commentator Rick Santelli on an epic rant in the aftermath of Ben Bernanke’s FOMC comments on tapering and QE and how the Fed has no idea about what they’re doing.

When you add in Bill Gross saying on Bloomberg that the Federal Reserve is “walking around in a fog”, we have to laugh. His PIMCO Total Return fund took a bath yesterday as financial markets took a hit on the back of Bernanke’s comments. When Bill Gross “the king of bonds” basically said “WTF are you doing Mr Chairman!” you know that central banks playing central planner has opened a massive can of worms for the global financial markets.

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