bob turner was with me and tom addaberry, and our own rick santelli joining us on a day when the dow closes down 31 points and the nasdaq lost about 19 points on the session. good to have everybody with me, thank you for joining us, let me kick it off with you. are you disappointed we didn't get any action today. >> i expected nothing to happen out of the fed today, we've seen a market where, the stocks have been up a lot, and i don't think there was need for them to go and do anything today, they need to keep their full bullets they have left in the gun for later. >> yeah, maybe, but they were so specific in terms of really telegraphing this, leaking to the wall street journal we could do something wednesday or next week, john, what's your take on all of this? >> i think the only thing the fed might have done is didn't want to outrun the ecb, i think they want to wait to see what the ecb will do. i don't think they want today do any qe today, have the ecb do something tomorrow, and have the lagged effects of the ecb. they'll let them go for, see what happens with the market, see the