Stock Market Madness Continues, but Should You Fear the Fed?

The stock market pulled back significantly on Wednesday morning, as investors worried that the ascent that they've seen in major stock market indexes might have come too far too quickly. The S&P 500 (SNPINDEX: ^GSPC) fell 47 points to 3,802, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) fell 140 points to 13,486. The short squeezes that investors have seen in several stocks in the past days have caught the attention of people who ordinarily pay little attention to the market, and the stratospheric gains in several of the most prominent companies continued on Wednesday morning.