22-26 Oct Economic Calendar: Shaky Reports, Home Sales Comports, Claims Retorts,
Well we have the requisite number of idiot folks adding to the spam problem by answering it, and driving those messages to the top of the heap, I don't know why the market backed off in wake of the FOMC announcement in a couple hours--what are they going to say that we don't already know?
Housing is on an uptick, which is improvement? Got it. $40B in purchases of MBS every month to keep interest rates low because folks won't or can't refi, even under HARP II, especially if banks don't want to play? Got it. What POSSIBLE other drivel can they portend?
The wind blew and the chit flew. Tomorrow I'd be more worried about unemployment than the Fed.