Dip Buying Continues

There's nothing the Federal Reserve can say today that will be good news for the markets, except "we're buying stocks." There is no Goldilocks condition when inflation is running at 8 percent and there's a new economic Cold War between the West and Russia/China. The amount of economic damage required to bring inflation down is not good for stocks even if the Fed gets lucky, but if they come in too dovish, they could unleash a disaster far worse than coming in too hawkish. Is there any evidence the Fed knows what is it doing? Absolutely not.

Just waiting for re-entires on the short side. If I had no cares at all for the destruction, I'd hope the Fed comes in dovish and the bullish idiots love it and take the indexes way up. Personally, I hope they come in hot. I'm on the sideline and will miss the initial move, but that's the far better policy for the country.