Ahead of the FED

Well, FOMC meeting ahead: My mind and gut tell me "it is all noise nothing new" while plenty of the outcome appears to be discounted..Near-term fools can swim in the volatility of markets but in the post noise era I will be revisiting the shorts.Would continue to short beta themes: OSX, HUI, XBD and even SOX selectively. If long only manager accumulate defensive themes; pharma, telco, utilities etc....If an absolute return guy, i would be highly stock specific or just focus on shorts.Wait 3 months before considering longs as history has shown. Generally, markets should rally 3 months following the last rate hike. --