Worse than rejection?

I hate rejections.

However, I think I hate it even more when, after waiting X number of months and more, a reply on a story comes back to say that the market has folded. They haven't read your story, or if they have, they're neither saying they liked it or hated it. They're just giving it back to you.

They usually have very good and understandable reasons for folding, but it just feels like such a waste of time. [Sigh]