(As of 7:00 am pacific)
Markets opened tentatively
this morning. While the start has been
slightly negative, all indications are that a very positive day is shaping
up. News is good out of China and there
has been some resolution to the Euro/Greek budget and bailout impasse. Retail numbers look outstanding, not only
from Black Friday, but also Cyber Monday, which saw excellent growth from last
year. The ‘Fiscal Cliff’ is the key
factor holding back what seems to be a very anxious anticipatory investor
poised to get on the rally bandwagon.
Oil and gold are near unchanged while the Dollar index is mixed. Durable goods orders appeared flat, but were
somewhat positive after stripping out the volatile aircraft and auto sections.
Housing prices were slightly higher, but close to unchanged.
