"The good news for investors," says BlackRock chief investment strategist Russ Koesterich, "is that at this point (tapering) is probably well reflected in the market."

In the attached video, Koesterich, who's also the chief global strategist at iShares ETFs, says that what has been billed as the single most important - and talked about - event of the month may actually turn out to be rather sedate, once the Fed actually reveals how much it plans to scale back its $85 billion monthly asset purchase program.

Related: Stocks Ignoring Taper Talk…For Now

"It's going to be a very gradual, light, tapering. I'll define that somewhere between ten and fifteen billion dollars," he says, adding that he doesn't expect "a very violent movement on the number," when the details are released later this afternoon.

"The bigger question is what other qualitative guidance we get" on things like short-term interest rates, growth expectations and the longer-term outlook for tapering, all of which will surely be addressed in the newest Summary of Economic Projections which gets updated quarterly.

On that front, Koesterich says he is looking for confirmation from the Fed that we are in a "gradually improving" economic environment. It's the kind of climate that can withstand higher interest rates, and the kind of market he thinks favors equities over bonds.

Related: Payrolls Miss, Tapering May Be Scaled Back Says John Canally

"Even if the rise (in rates) is modest, investors are still better off having an overweight to stocks," he says.

Have you ever had a great idea for an invention but wasn’t sure how to make it a reality? That’s what Quirky.com is all about. This New York based startup is literally the stuff dreams are made of.

“We started the company to make invention accessible,” says founder and CEO Ben Kaufman. “People come to our site, submit their ideas, and the best new ideas make their way all the way to retail shelves and we do all the heavy lifting in between.”

Kaufman came up with the idea for Quirky in 2005 when he was a frustrated high school student trying to create iPod accessories.

That led to him creating Mophie, a company that now makes add-ons for the iPhone. He sold the company for an undisclosed amount in 2007.

Then in 2009 he started Quirky, which has already put 98 products on store shelves. Those products can be found everywhere from Target to Walgreens, to Bed Bath & Beyond and Amazon.com.

“I wanted to build a business where the best product ideas in the world actually got out there into the world,” Kaufman told Breakout. “So we started the company to make sure that no matter what disciplines you know or don’t know, you’re augmented by both an expert team and a community that can make sure your product idea gets out there.”