As expected, the FED drops rates; then the dollar drops like a rock and interest rates rise.
Dollar is in the crapper compared to the Canadian and European currencies. Oil at an all time high and gold keeps going up. Meanwhile all of wall street makes out big time and the little guy gets to spend $100 to fill up his tank.
From today's Brokers Outpost:
What caused rates to go up twice today.... they are MUCH worse than before
the Fed even cut the rates....