TheAcsMan.com no longer publishes original content material. Reprints of the market closing version of previously published "Daily Market Updates" available to subscribers of OptionToProfit.com appear for informational purposes only and links are de-activated.
Most people go through two stages of life when they really like certainty and predictable patterns.
Really young kids and really old people. Both tend to get very cranky when their schedules are thrown off or they don't get what they were expecting when they were expecting.
I'm neither of those demographics, being uncomfortably in-between, but I do need the predictability in life to keep my balance intact.
I, too, can get cranky.
For as long as I can remember, ever since I've been interested in the release of the "Federal Open Market Committee" (FOMC) statement on those Wednesdays, they have one of their eight annually scheduled meetings, the statement has been released at 2:17 PM.
The regularity of the timing led me to scoff at the reports that would cite the release as being anticipated at 2:15 PM.
I never particularly cared why they chose an odd time, perhaps because it is a prime number and, after all these are economists and numbers wonks, but that was the routine.
By contrast, I do care why Comedy Central starts many of their shows at bizarre times, yet I've never been able to uncover an answer. I doubt that the prime number theory applies. Math is frequently not a strong suit for those in the entertainment end of the entertainment business.
In fact, I've always been so attuned to the FOMC announcement that it became a reason for regular party giving with a countdown to 2:17 PM among me and my many friends and admirers, although most of the time it was just me.
And by most of the time, I mean "always."
Comfortably seated at 12:28 PM, the characteristic voice of CNBC's Hampton Pearson cut in with a reading of the statement.
My first thought was that Pearson had gone rogue and decided to flip the middle finger to the embargo on the statement and decided that he alone would control the markets.
I thought we'd hear doppler like screams coming from Hampton Pearson as he was being hauled away by SEC security people further away from the microphones.