Silver

Oh yes Silver taking it on the chin early monday premarket. More to come. This is more likely be the last week of the year for most traders. It should be an up week as we have many IPO on tap but this market is so crazy who knows especially when we get whip around by the Euro news. We will see soon enough.

Silver

Could be totally wrong here but silver looks like a short here

Rollover

To add to the confusion here today it is rollover day for many futures contracts. The S&P March 2012 are trying at a negative 7 points differential and Oil is also lower. I guess he big money thinking we will be lower in the new year.

Crazy morning again

we have lost 20 S&P POINTS IN JUST 40 MINUTES with the EU news and the market is not even open yet. Crazy - Just too crazy for me

Layoffs

so Citibank announced layoffs yesterday and today BAC starts their 30k layoff process, so if the banks are so much in a better state and the unemployment now down to 8.6% why are we having this news?? It is all garbage!!! Last week I read that the FED secretly loaned big banks the same banks that got 700 million TARP money over 7.7 TRILLION of funds at zero percentage after. Now just think about it the public almost over threw the politicians for passing the TARP giving 700 million but the FED loaned over 10 TIMES that amount after the distribution of TARP funds, AMAZING how no one thinks the FED doesn't run the state of the economy. The FED is the most powerful institution in the world and I will continue to say that. In the meantime I think banks will get smaller because their is just not enough risk out there for them to make super abnormal profits like once upon a time, why do you think they want to charge $5 a month for debit cards. It is obvious the banks are struggling to make money especially the investment banks just not enough to spread out these days..... If it is tough for the banks what about the rest of us!!!!

Downgrades

S&P Put Europe's AAA Countries (Germany, France, Holland, Austria And Luxembourg) On "Creditwatch Negative"

MOnday

volatility has being sucked out for the market right now. Can't fight the trend and the breadth here but boy oh boy do we look boring