Well, I read the Fed Statement. Any way you slice it, you must conclude that the chances of impending Fed action have increased. What that will be, and when, is a matter of greater speculation. I'm surprised we have not shot up more than we have in the first 30 minutes. Further Fed easing will likley send A/U to new highs, N/U to target parity? We'll see, but no way in hell I would be short for any reason until this plays itself out.
Regards,
Regards,