Supposed Change in Fed Policy Is Just Comic Relief

Comic relief came yesterday in the form of a supposed signal from the Federal Reserve that, for the first time, it could “increase or reduce” stimulus. For now, of course, they are standing pat. We’re not sure which morons’ expectations this announcement was intended to manage, but it’s the biggest hoot since Obama drew a red line in the sand to determine when to go after Syria for using chemical weapons.  For Joe Sixpack and the average investor, however, we would suggest tuning out every lying word that emerges from Helicopter Ben’s lips, since inferring that those words actually mean something can only screw up your head.