The MSM is buzzing about tapering tomorrow and reminding us over and over that this is the most important FOMC meeting ever. Although I heard that before about may 22nd, june 19th, july 10th, july 31st. august 21st, and now sept 18th. Let me remind you with some visual of how important these meetings have been.
Over the last 4 months we have traded mostly between 1685 and 1630, the range of the fomc meeting on may 22nd.
Just a reminder, markets up about 20% year to date with out a decent pull back. Also sideways action for the last 3 months. But I guess nothing matters any more when you have the Bernanke put.
