Wednesday, August 1, 2012

The Fed in about 30

The FOMC announcement is set for about 30 minutes form now

In my opinion, there will not be a QE3 announcement today.  What this does to the market is the big question, and despite what some super gurus may tell you, it's a crap shoot.

Reacting to the reaction of the announcement is alwasy the more prudent strategy, so I'll be on the sideliens awaiting movement, if indeed it does happen. I think we should get some sort of movement, but who knows?

Remember, we still have the ECB announcement tomorrow and Job Numbers on Friday.


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