Fed Day And Where Do We Go Now?

The great unwind continues and we have a very busy docket today. CPI, GS earnings, the Fed and the continued deathwatch of the financials are all part of the picture.

Oil is around $91 and the $SPX is down about 10 handles. I thought I covered all my AIG but had some left and covered for $2 already. Like finding a $20 in an old pair of jeans.

I’m sure today will be another barn burner, and I am ready for anything. I still think it is way to soon for a bounce rally but you never know.