(Jan 25): Bears are on the prowl in markets while a different sort menaces Europe's eastern flank. Clearly dip-buyers haven't entirely fled equity markets. The impulse hasn't carried through, with Asia deep in the red and Wall Street futures down almost 2%. In the middle of this market churn, the Fed starts a two-day meeting which may well be the last before a March interest rate liftoff. And after all, they add "the worst-case scenario could see the return of the Fed put".