There was a surprisingly loud chorus on Slope calling for today to be up big-time (I won't name names, but you know who you are…..) I, on the other hand, made a ridiculous statement:
How did I know? I didn't. Just call it a feeling.
What's amusing to me is the Fed is saying neither inflation nor deflation is a threat. That's right, folks – – – after the largest credit bubble in history, the Fed was able to handle things so perfectly that they have achieved 100% perfect results. How about that!
I'll try to make some time for market commentary later. Here's to hanging tough for the day! We got the FOMC behind us.
