Fed announcement

Tomorrow the fed will make an announcement that may have more effect on the markets than anything else this year.  It is essentially the last chance to unleash QE3 or operation twist before the banks start imploding.  The fed has the data, they know consumer credit is low and that banks are swamped by toxic assets.  There is tremendous pressure from the right to not push forward with another round of QE, but the bernank won't be able to help it, because there is nothing that would disgrace his career more than another financial meltdown.  Long story short, I am predicting operation twist (long bond purchasing program while selling short term bonds), its still QE but its a little more disguised.