* Investors saw the Fed's move as not significant enough to strongly affect the overall economy.
* Investors, anticipating the Fed's quantitative easing, had already factored that into their pricing decisions before Wednesday's drop.
* Bad economic news out of China and Japan, which caused a drop in the Asian markets, affected prices here as well.
All of these certainly had some impact on the Dow over the past couple of days. As is the case most of the time that the Dow has an eventful day, it's hard to pinpoint an exact cause. It's possible the markets didn't like the Fed's move, but there's no way of knowing for sure.
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