Thoughts {09.16.15}

Market had a nice move yesterday.  I noted in my last post that I thought markets had the ability to react positively to whatever decision the Federal Reserve comes out with tomorrow.  I'm wondering like a lot of investors if we didn't steal a bit of that away yesterday.

Dr. Ed Yardeni notes in his latest post that the S&P 500 was up 1.3% yesterday.  It is up 5.9% on August 25th.  He thought back then that day might be the low and notes that we are now only down 7.2% from the May 21st record high in the index. 

That's it.  We're on Fed Watch today and tomorrow.  Markets are likely to be random till after the decision's announced tomorrow at 1:00 Chicago Time.  We'll be back on Friday.  In the meantime for those of you obsessed with your iPhone go read "The Five Biggest Changes Coming in IOS 9". 

*Long ETFs related to the S&P 500 in client and personal accounts.

PS.  For a bizarre and apparently true story from World War II go read "That Time When Americans and Germans Fought Together During WWII"!