I've got appointments to attend to through the day today, then a big Cub Scouts Christmas party tonight, so posting will be limited. The big event of the day is the Fed meeting... 2:15 eastern is the usual announcement time. No one is expecting a rate move; everyone is waiting for what the Fed has to say about how policy makers are feeling about risks. Most Fed watchers are thinking the Fed will continue to emphasize that risks remain biased toward inflation. As we noted yesterday interest rate futures are pricing in a series of rate cuts starting next May, while Fed jawboning has not even begun to hint at any rate cuts.
Golman Sachs (GS) - beat by 59-cents a share (yawn), our order is already in to sell our Dec200 call position, no doubt at a loss.