Fed day

Today at 2:15pm EST, the Federal Reserve Open Market Committee will drop the interest rate. The markets have already full expected and incorporated the drop into prices, so if the Fed does not drop the rate a half percent, there will likely be disappointment and a bear will emerge, tho in the short term euphoria will let the bulls run for two hours. If they do drop the rate by a half point or more, torro, torro!! Expect low volume and not much action until 2:15.