9:00am (EST)

The FOMC meeting minutes showed some of the zombies agree on tapering sooner rather than later and most agreed that continued labor gains are needed before tapering is needed.

In the end, the Fed said the right things and the tug-of-war continued into the close with the flag slightly on the bulls’ side.  However, it remains to be seen if they are able to pull the bears into the mud by Friday’s close or if there will be a continuation into next week and a drop back into the trading range. (continued…)

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