Weak Bonds, Then Russian Headlines Hammer Stocks Lower

Right now, Putin has as much sway on the markets as the Fed.

Tales From the Floor

When the markets go down, they look horrible. When they go up, people become complacent. 

With the Fed so far behind the 8-ball, Goldman Sachs has raised its rate-hike call from 5 this year to 7. There has also been talk of an out-of-meeting rate hike (which many people have never seen). 

I can't remember the exact date, but there was …