Yes - I know there is an announcement coming in a few hours but you’d hardly guess it based upon the lack of the ridiculous, incessant hype that has accompanied every other meeting for the past few years. As much as I abhor the myopic focus on what the Fed does or doesn’t do, the change in market behavior is worthy of attention. Maybe this means everyone else has finally come around to my way of thinking that the Fed is overemphasized, but I am surely wrong on that. Regardless, I still believe that when the announcement finally comes, the sideways move that I have been seeing will come to an end. One way or another, I expect the direction for the next few weeks to become clearer. There appears to be unanimity that there will be no change in rates, but if the language is not dovish enough we will likely see some selling. There’s a lot of complacency out there today and that should never be ignored.