WOW!

That is really all one can say about yesterday’s FOMC decision.  I have seen a lot in my time but i must admit i did not see that one coming.  So now it presents us with a new challenge…on one hand they are willing to do whatever it takes to fix the current situation and on the other hand they have now exhausted their traditional ways of managing these crises.  So will their new and untried can of tricks save the day?  History shows that it is not likely.  Even though we did not expect this extreme action by the Fed we do see Dollar strength coming on the back of this move.  We are looking to accumulate Dollars these next few days that we expect to hold into the first week or so of 2009.