Thoughts on the Non-Taper Taper?

[TomK]

So any initial reactions to the Fed's decision to ever-so-slightly begin to taper its asset-buying (from $85 billion per month to $75 billion per month)? They also indicated much more affirmatively that interest rates are very likely going to stay really low for a fair while longer.

I'd think that together, these would be very bullish signals for the market. But except for yesterday's moderate pop, the reaction seems to be ho-hum.