More fumblygook, new word, out of the Fed where there is a little he said/she said over the direction of the taper. As I write this, the House of Representatives passed a spending bill without funding for the new health law which should shake things up a bit in the Senate. All of this has some consequences for volatility.
Look at the IV30 for VIX this morning. It is pretty much trading at a year low. Look at the volatility spikes during the last two budget debates. I think IV is going higher and the volatility futures think so too.