Doubting The Feds

Asian markets aren't doing well at the moment.

• Asian stocks continued to face heavy selling in the afternoon session Thursday, weighed down by doubts whether the latest effort by the U.S. Federal Reserve to ease credit market problems would provide a lasting solution. The Fed and other central banks teamed up to inject hundreds of billions of dollars in new funds into ailing credit markets. But many investors remain skeptical that the move would solve the fundamental problems faced by credit markets which have rattled financial markets and threatened global economic growth. Those doubts pulled U.S. shares lower on Wednesday, a day after the market posted its best day in five years.
  
  A jump in oil prices to a record above $110 a barrel also raised fears of more strains on consumer spending and corporate profits, further dampening sentiment. ( source: here )

How?

Are the markets worried about the lower-high issue mentioned in Morning Notes: 13th March 2008 or we looking at yet another consolidation day?