The Looming Specter of Dwindling Profits - Thursday, page-2

Big up day, after a big down day. Wednesday Evening Liqueurs. 16 September, 2015.

The World of Finance has been waiting for Thursday (NY time) - when the Federal Reserve announces its decision on interest rates.

No problems - Aunty Janet is in charge:



Meanwhile back in Kansas, oops, Oz, the XJO performed a triple double upside down twist with a squeeze of lemon and finished the day up 1.6%.

But actually it is going nowhere, plummeting sideways. It can't work out its forward gears from its reverse gears.

Here's the chart:



We still have a day of trading before Aunty Janet takes to the boards and performs her tricks. We'll have to wait another day to see where we are heading.

Meanwhile, the Quant number crunchers at the Federal Reserve have been preparing for the two-day FOMC meeting:


RB