kaltbaum premarket

Futures flat as we await the fed today.

 

AAPL up $6 off of IPHONE 5…just back in range.

 

EQIX up $24 this morning. This has been on my “leader’s list” but havent played…and I must tell you, if I did play…probably would have sold into the severe distribution past two days. They announced switching to REIT. Dont know why it would be up so much because of that…but what do I know?

 

I want to get past the fed today. There is nothing wrong with the look of the major indices but we are dealing with someone who may or may not print a zillion dollars. Frankly, I am not a mind reader so would rather wait. Hoepfully, after today, they shut up and leave markets alone…but that is wishful thinking.