There is a strong chance the Fed will not do anything. Afterall, rates are already 0. QE3 is a coinflip. Do you think a selloff to new lows after a do-nothing is possible?
We're only down like 9% YTD... There's no panic yet as much as concern. I cant buy a intraday bull flag after so much down-side momentum. This seems like no mans land here. Keeping the power dry for now.
Poor OP, the last two FOMC decisions have been 2 hours early. They reverted to the usual one this time. Pain in the ass, as i have to recode my software back to the way it used to be.
Okay...okay...enough...The guy made a mistake. Let it go. Now...Let's talk about the outcome of the 2011 U.S. Presidential race.