FED GIVES NEW MEANING TO THE WORD "NOTHING"

Yesterday's fed meeting has become the focus of what happens when you say a lot of nothing to everyone. Now that everyone has slept on it we awake to a real mess this morning as stock futures which were weak going into the early morning trade have weakend even further. Remember a few days ago when i mentioned that the Hindenburg Omen had been triggered. That says that the probability of a 5% or more down move was high in the short term. And what better time than here at the end of the quarter where we might see this as a huge porfolio blow out.

Crude is up this morning but not by a whole lot for a change. We're still in that channel on the USO between 107 & 112 and no sign of a breakout or breakdown yet. The dollar is weak, gold is higher and nearing 900 again. MLPS are just going to follow the market at this point. No upgrades or downgrades and no corporate headlines.