Fed Week Monday

It's the day before the Federal Reserve meeting, and Wall Street is holding its breath. Everyone is expecting a decrease of 0.25% but hoping for more. It seems the pundits are now spending all their time predicting the reaction to the announcement. By mid-afternoon, we will know for sure. E-trade got in a little over their heads on the subprime mess. They have issued a warning. Suitors have been circling, and this will be like sharks with blood in the water. Expect an offer for the discount broker. Microsoft's anti-trust verdict was upheld in the European courts. No real surprise there. I wonder if anti-American sentiment played any role in this. Markets were down across the board, with the NASDAQ falling almost 1%. DJIA -39.10 NASDAQ -20.52 S&P 500 -7.60