Wednesday, April 28, 2010

Fed Keeps Rates Unchanged

Wow! Seems very suspect. If everything is so great, why would they leave them unchanged. I take it as not a good sign. I sense a "Sell in May; Go Away". The Fed under normal conditions-given the good news lately- would have raised rates. The theory is they are holding trillions in interest rate sensitive securities-a la the crisis and bail outs. Very fishy. We are sellers or out of the market. Stay tuned.