Fed Following for Fun and Profit

If the Fed’s feeling a little sheepish about raising rates and touching off another equity meltdown last month, today’s statement should be oriented toward soothing the “markets.”

The futures, which were off almost 1% overnight, are currently showing a 5-pt drop. Even oil, which fell apart (after the close, of course) yesterday, has regained much of its losses and has managed to maintain its upward trajectory.So, what could go wrong?