Fed Day…Blah Blah Blah!

We had an inkling market was oversold and due to bounce. Good bounce led by the worst of areas but good to see biotechs hold vital support while the s&p held the vital 200 day moving average. It is also good to see the transports have a strong day. But today is fed day…which means blah blah blah…maybe, possibly, could be. If the fed does raise rates, mind you, it is just 0-1/4 percent to 1/4 percent which is about as meaningful as a NY Knicks bet on getting to the playoffs. So…blah blah blah!