The markets are waiting, we are waiting, the world is waiting to see what the FED is going to do this afternoon.
Traders that I am hearing from are mixed in their opinions. The consensus seems to be that we will see a cut of 25 basis points.
What if the Fed cuts 25 basis points and the market does nothing, what then?? The markets particularly the DOW and the S&P 500 are all acting a little tired but have not turned down and entered into a negative phase. Today could change all that.
It's going to be a volatile day, so fasten your seat belts and get ready for a scary ride.