Quote from trefoil:
Based on market action so far, I'd have to say you're correct. Citi just announced the "surprise" loss via a 3b stock offering, after having said they didn't need any more capital.
Meantime, gold has gone down way too fast. Which means once the Fed announces, it'll spike higher. Which means the dollar will go down. Which means stocks, in dollar terms anyway, will go up.
Thanks, that's my quota for the month.