Investors await word today of whether the Fed will dial back stimulus measures. The conventional wisdom appears to be that no action is already priced in and if that's the case profits will be taken, and any hint of tightening will spark a selloff. So either way it's probably a good day to go fishing or play golf or something.

Meanwhile, for your entertainment...

UPDATE: Fed will continue bond purchase program and keep interest rates unchanged at near zero. Says economy and jobs picture improving, though, hinting at future tightening, but not until unemployment is reduced to 6.5%. AP report...

The major indexes took a hit just after the news, recovered somewhat, then finished the day sharply down on volatile trading and heavy volume but still closed at near record highs.

I have no idea what all this means, except maybe to wait until the dust settles before coming back in from the lake or the golf course.