Will The Fed Blow It?

Today is the FOMC announcement on interest rates.
The market is expecting a rate increase of 0.25%.
How the Fed suggests policy may develop going forward in the conference after the decision will have a major impact on stocks and precious metals.

As we suggested back in October, in the post The Next Recession Begins ,
data continues to accumulate suggesting stocks are in a bear market and a recession has started.
Today, Fedex announced a downgrade in outlook which is almost certainly a seriously  negative signal for markets and the economy.  Further, we see the gold market showing steady buying, which is hardly a vote of confidence in the economy or stocks.

Let's see what happens.  Our view is a quick drop in gold and then a pop up as the Fed ends up pricking the stock market bubble.