The Fed Is Almost Done, Not!

Will the Fed keep raising interest rates? What is Bernanke going to say on Thursday? Other than a slew of good earnings reports and a drop in crude, those two questions prevented the market from making much headway today.

If the Fed is actually sticking to their data dependent game plan, then today's news about the economy isn't what the "Fed is almost done" camp wanted to hear. Frankly, I think that is kind of crazy since as long as the Fed has the opportunity to stop raising rates, the bulls still have the most powerful weapon in their hands. The wild card, of course, remains energy prices and I'm sure that will continue to garner its fair share of attention.

As many of you already know, I'm taking a few days off from blogging and the market. I'll be playing some golf, getting some much needed rest & relaxation in, as well catching up on my reading and taking care of a few other pressing tasks. My 35th birthday is on Thursday and I plan to enjoy it to the fullest. See you on May 1st!