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lee kramer

01/28/04 2:50 AM

#197980 RE: lee kramer #197978

Today is FOMC day, one of the dullest day of the year. We'll like see decent trading action until 11:00 am or so, then everyone will take 3 hour snooze. CNBC of course will trot in a yhandful of 'experts' lead of course by Larry, "Mr. America" Kudlow." Keep snoozing while Maria questions IN DEPTH, these experts, for their "take." Schmendriks from Secausus to Peroria to Marin will hold their breath, many turning deep blue, as the 2:15 announcement appeoaches. Come the announcement, all hell will break loose. Ricky Santelli, binoculars in hand, will get more excited than Maria if such a thing is possible. The futures will gyrate for a while faster than GYRO GEARLOOSE. Watch the spectacle, but DO NOTHING! Wait for the madness to subside; it will. The Fed will likely do nothing.