The reaction [to the Fed minutes] was very emotional, and it is still undecided whether 5% is the end. We look at gold and commodities. These are inflation indicators.

The market is just reeling from all the impediments ahead of it. There doesn't seem to be any meaningful reaction to any news on the earnings front or meetings that company's are offering to tell you that things are not as bad.

If you are not prepared to respond with wisdom, you will always react with emotion.

I'm very undecided as of now.

If his reaction to this testimony or this subject is apt to be as emotional as it just was, ... tell him, he should just remain as quiet and passive as possible.

This really puts the spotlight very acutely on the Fed minutes this afternoon.