- I'm starting this one about 5 minutes prior to the FOMC Freakies come out of their tree andannounce their decision on interest rates. The market participants have made their wagers, and are ready for The Main Event. Will the market jam in one direction, only to be heavily faded? Eyes are watching...
- I picked up Greg Maddux today in Fantasy Baseball. Yeah, 12-team league and nobody had him. LA Dodgers are on a streak, so my hopping on the bandwagon might be a little late. But I need a few starts...
- Fed news.... While the Dodgers are on a streak, the Fed's 17-hike streak is OVER! No rate hike. Market jolted up so far. Lets see if the faders step in. From realmoney's Aaron Task:
The statement, which has a more dovish tone than most expected: "Economic growth has moderated from its quite strong pace earlier this year, partly reflecting a gradual cooling of the housing market and the lagged effects of increases in interest rates and energy prices."
"Readings on core inflation have been elevated in recent months, and the high levels of resource utilization and of the prices of energy and other commodities have the potential to sustain inflation pressures. However, inflation pressures seem likely to moderate over time, reflecting contained inflation expectations and the cumulative effects of monetary policy actions and other factors restraining aggregate demand."
"Nonetheless, the Committee judges that some inflation risks remain. The extent and timing of any additional firming that may be needed to address these risks will depend on the evolution of the outlook for both inflation and economic growth, as implied by incoming information."
- Stay tuned to see how traders game it. I'm just idle. Long and strong.
- Speaking of, I wonder how that masterbate-a-thon came out? More later...
- Did you read about the woman smuggling cocaine into prison via Bibles? Hey, evangelizing has never been so popular. There was more than Good News in Amy Duckworth's Bible. Duckworth, 28, was sentenced Monday to six months in prison for smuggling cocaine to her jailed husband inside two Bibles.
- These condoms won't penetrate the market. Thai cultural watchdogs have banned a line of condoms whose name translates as "Good Penetration," saying the suggestive label could draw youngsters into having sex earlier, newspapers reported Tuesday.