One more thought before I wander off to the land of Nod. Two big things come down tomorrow. One is pretty much baked in the cake and the other will tell quite a tale.

The first is the Fed’s interest rate target announcement. We all know rates are going down the question is by how much. Their statement will be more interesting and as I understand it, the follow-up minutes which come out several weeks later is where the real meat of the meeting is to be found.

Maybe of more importance is the CPI number due to be released tomorrow morning. This one will give some guidance on where we stand with regards to deflation. If it is a big negative number look out!

May you live in interesting times.