Ouch!

The Fed did the right thing today, saying that inflation was the key to any policy change. In other words, it will have to be a big event that would trigger a rate cut in October.

I followed the Fed meeting to scalp a quick short of LEH that made me $130 profit. I will be focusing on Short candidates tonight with a couple of longs. But as is obvious long candidates are going to be difficult in this environment. I will be back with some follow up posts later.