Best Guess: Fed Edition

Today was funny because Liz Mac and I had the same best guess.  I didn't even bother talking on the air about mine, but you can see below.  I wish I could say great minds think alike, but Liz is ridiculously brilliant, like an encyclopedia, and she must have sent me her best guess telepathically.

KATHY BOYLE: Market is setting up for another sell off into August so pare some gains and reduce exposure if you're not ready to ride the downside again

TOM SULLIVAN: Goldman Sachs and others are racing to pay bonuses before new financial regulations are passed.  Unfortunately, by paying large bonuses now, it will mean the new financial regulatory system will limit future bonuses.

CHERYL: The FOMC is coming to the end of buying Treasuries.  When Ben Bernanke testified to Congress about the enormous debt the nation was taking on, I think it was his "hint" that the buying will end.  We'll get proof this week....

STUART VARNEY: After the disgraceful behavior of drunken fans at the US Golf Open, corporations will be under pressure to look closely at what they sponsor, and golf authorities will have to acquire some back-bone and establish standards of acceptable public behavior. American corporations should not fund obscenity or racism.

LIZ MACDONALD: Fed won't inc tbond purchases.