FOMC Meeting: "It's All About Fairy Dust"

With the stock markets still a little jittery after this month's mini-correction, the statements that come out of this week's FOMC meeting (Federal Open Market Committee) will be even more cautious than usual.

Money Morning Chief Investment Strategist Keith Fitz-Gerald, a seasoned market analyst with 33 years of experience, says investors should expect carefully parsed language from the U.S. Federal Reserve.

"The Fed is all about fairy dust," Fitz-Gerald, said in a Wednesday appearance on CNBC World. "This is the only option that they've got to keep people calm, keep the markets calm. Because they know what happens if they do get aggressive. The markets have a hiccup and a pull back. I don't think they want that right now."

The FOMC meeting was just one of several topics CNBC World asked Fitz-Gerald about.

In the video below Fitz-Gerald gives his take on the current earnings season as well as the possibility of a "marriage" between Apple Inc. (Nasdaq: AAPL) and Alibaba Group Holding Ltd. (NYSE: BABA).

Should I be in the stock market right now? We've just gone through the worst market volatility in nearly 20 years. And while this FOMC meeting may not risk upsetting the markets, the next one might. A Fed policy less friendly to stocks is one more thing for investors to worry about. But no matter what happens, hitting the eject button on stocks is a terrible idea. Keith Fitz-Gerald explains why...