I know what you're thinking. "Did he fire six shots or only five?" Well, to tell you the truth, in all this excitement I kind of lost track myself. But being as this is a .44 Magnum, the most powerful handgun in the world, and would blow your head clean off, you've got to ask yourself one question: Do I feel lucky? Well, do ya, punk?

Fed day. At 215 pm today the FOMC will release the results of their 2 day meeting. Bulls should be asking themselves if they feel lucky after the recent blistering LOW VOLUME run up from the lows of S&P 666. In case anyone is wondering, Chairman Ben Bernanke has fired all six shots. The Fed Funds rate is at .25%, click, click, out of bullets, and the 18 month old bear market seems only to smile right back at him. The only tool left is "quantitative easing", the equivalent of pistol whipping with the empty .44 Magnum. Seeing as how rates can not go below 0%, hopes of a further run up in the equity markets hinge on comments(read talk is cheap) of further expanding the fed balance sheet and buying treasuries and other assets. Should the fed or treasury print any more money, stock up on wheel barrows, you will need one to bring all that cash to the store and buy 1 loaf of bread, as inflation will soon run at levels only seen in Zimbabwe or Wiemar Germany.

Had another Good Fellas moment yesterday. Sold shorts into the early morning weakness, only failed to capitalize on the afternoon run up as I had mentioned yesterday morning. The stink was too great for me to bear and I chose to fight for neither side and remain on the sidelines. It should be a real snooze fest until the fed announcement, then fireworks either way.