FED action … this time different?
All the last FED cuts had one thing in common …
A HUGE RALLYE in equity markets ahead of the decision as everybody anticipated the move.
Then after the decision, market sold off … every time …
NOW … IT IS DIFFERENT!!!
We go into a FED meeting not only without a rallye, but with RECORD PESSIMISM …
Even with some mistrust into FED action.
So will we tomorrow LACK the selling and even see BUYING???
We are trading at multi-month lows and quite everybody is outright bearish!!!
FIRST TIME in a long time 
So this time a short sell off, as market does not get (I hope!) the full point, but then
BIG TIME SHORTCOVERING as markets says … ups … if FED does not give 100bps, the situation might be better than we thought???
3-month-bills traded today at the lowest yield since 1958(!!!)
So this time … PPT, pusher boys and bouncing Bobs GO GO GO 
