Steady as she goes

The Fed left rates alone today. Sometimes, no news is good news. Markets actually dipped on this announcement. For large-caps, it was barely a blip, while techs took about a 1/2% hit. While Mr. Bernanke keeps talking about inflation, markets keep hoping for an interest rate decline. The yield curve has been inverted for a long time, and it will take changes on the short end (probably) to bring it back in line. Dow -12.90 NASDAQ -11.26 S&P 500 -1.48