The Ballplayer

Fed Minutes- worse than expected as some Fed members see "little indication" housing has begun to stabilize- some members see a "severe economic slump"; and find recent inflation data "dissappointing"; and some feel that "rate policy alone could not solve problems."

Bottom line- markets moving lower on the move- just feel the dippers may find it an attractive entry point near the 1360 level.

It is opening day at Shea stadium and the Mets are winning as I type, I note former Met/Phillie Lenny D says he has a 1,000% batting average since he is back giving options advice on realmoney.com- well last Thursday he suggested to buy 10 of the Oct 35 GRMN calls at $21.9 while the stock was at a 52 week low at the $52 area. So after today's action a bit lower with a bid of $18 as the stock drops to another low in the high $40's. Not sure how he computes his winners- and not sure what he will do with this position- but taking option advice from former baseball players- a bit tough to take and kind of pathetic from Cramer's site.