Suspended Animation

The market goes into the Rope-A-Dope before Bennie and the Bankers deliberate on their next faux pas.

With the economy in shambles (unemployment, housing, debt, asset deflation), raising rates would seem to be a colossal mistake. Of course, the Federal Reserve isn't immune to false reads on their hedonically-adjusted data. If there isn't any inflation according to the BLS-hit, then why raise rates?

After all, they've called the problems contained enough times that the fig leaf covering their flawed judgments has largely atrophied to expose them for what they are.

At least on my screens a few bigger volume winners include URRE (long), AMGN and DEO (no position in either, although I like Dunkin Donuts)...

Cramerica is beating its breast over LINE, and maybe licking its wounds on NYX.

Will shorts cover into the close?

Good trading and great risk management to all.

Educational use only. Never intended as investment advice.