Stock market stated to be "wary"

Despite all indications that the Federal Reserve is not going to take any action, the Stock Market is being reported as "wary" and cautiously rising while they await the final answers of what the Federal Reserve decides. More can be read from this Excite Money article:

"It does seem like a wait-and-see pattern for the Fed," said Neil Massa, equity trader at John Hancock Funds, adding that most market watchers are anticipating little or no change in policy makers' statement. "I don't know that any of the data we've seen is going to change their mind. The cuts expected for this year might be pushed out even further."

A great deal of the concern comes from the problems with subprime lenders, who traditionally give loans to those with less than perfect credit.