Wednesday, 17 September 2014

1pm update - awaiting the Fed

Mr Market has continued to very slowly slip... into the sp'1990s, with VIX moderately higher in the low 13s. Things will likely get more choppy with the Fed announcement, but more so... the Yellen press conference.




Little to add, a quiet hour is ahead.

Right now, at best, the equity bears might see 1995... 1990 looks a stretch.

Certainly, no matter what the printing maniacs put in their press release, the recent low of sp'1978 should hold for some weeks (perhaps months)... to come.

*I am on the sidelines..seeking to re-long later today...

1.32pm..  .. indexes still slowly melting this rate, we'll floor at the announcement, rather than briefly after.