Can we think of any more bad news... and if FOMC show stuff we already know is that a good thing?
Anyway, todays CPI was worse than expected, but the Housing starts better than expected. Pretty much sums up the relatively flat market we have been experiencing the last few sessions in terms of the closing numbers.
But if you are a brave day trader, well... you will either make a bundle or be smacked.
15 minutes to the open... sure Asia got whacked a bit, but it hasnt meant too much to the U.S. market.