Party Time

Futures up strong this morning. Fed announces latest cut at 2:15PM/EST. Time for a party. Our financial companies are technically insolvent but Ben's gonna cut so fuck it let's buy. All the pundits are calling a bottom already. Based on a test of the lows this week I can see the case for that I'm just not buying it.

Coming in ahead of the Fed net short my neck is placed firmly on the chopping block. Trading involves risk. I wish they'd just cut the FFT to zero so we could move beyond this fallacy that the Fed is going to save us.