The Dow jumped more than 100 points as the prepared remarks hitthetape, then fell by the same amount when Bernanke mentioned the possibility of tapering in the next two meetings, only to begin its upward trajectory again.
While most everyone in the game is almost uniformly bullish on stocks for 2011, Tuesday saw a return of volatility as a couple of decent-sized sell programs appear to have hitthetape just after the Treasury had completed its 3-year bond auction.