Fed: See you in 2016

The Federal Reserve might as well take a vacation till March.  They will do nothing for the rest of 2015, and depending on the stock market, could do nothing in 2016.  All that rate hike talk went down the toilet with one weak jobs report and a little scare in the stock market.  Sure, we had below expectations economic data, but if they are expecting hot economic data after 6 years of an economic expansion, they will never raise.  They are always too optimistic in their projections and always lie about inflation.  This gives them excuses to always do the easy thing: please the market.

I wouldn't short into the Fed meeting, because for some idiotic reason, people still think Fed will raise rates or say they will raise rates.  And they get surprised when the Fed is dovish.   Expectations are for the Fed to do nothing, so I don't expect a big move afterwards.  But still, if they will surprise the market, it will be to the overly dovish side, of course.

Thinking about shorting on any post FOMC euphoria, but its not that good of an opportunity.  The market is close to equilibrium, the predictable portion of the migration is complete, and any moves too far up or down should not last long.