Is there any chance with stocks back to basically flat on the S&P 500 that Grandmonster and her Evil Cousin (Stanley Fischer) could decide to go ahead and raise another 25 basis points? Nobody seems to think that is a possibility. Nor do I think they would be that stupid but then again they have done some pretty stupid stuff.
Just a thought as we head into the weekend. Super Mario failed to send the Euro lower but a raise by the FOMC would take care of that.
It seems at the G-20 the central bankers all agreed to stop slashing rates but that does not preclude an increase.
One has to think how stocks would react to such a move and IMO it would be rather fugly.
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