WOW, Here's Another WHOPPER

When we see 3C divergences we really don't know what smart money knows, we can make guesses based on the obvious like AAPL is reporting tonight, but we don't know. I think the timing of this article from the WSJ coming out when it did in relation to AAPL earnings is interesting and if you want my opinion as to whether Wall Street is hot-wired in to what the f_E_D is doing and saying, my answer would be a resounding, "yes".

As for the story, again from the WSJ

Fed Sees Action if Growth Doesn't Pick Up Soon

In any case, if this is about anything, I doubt the release is about a smoke screen for AAPL earnings and has more to do with a probable Spanish sovereign default with the Northern countries that hold the purse strings having been put on warning yesterday that if they keep handing out bailouts, they can kiss their Aaa rating good bye.