December 24, 2012
(7:30 AM, PST) Stocks are drifting lower in very quiet trading on a holiday shortened market session. Gold is up slightly while other commodities, including oil, are slightly off. Interest rates are up a small amount. I don’t expect much firm direction one way or the other because most traders are taking the day off. The ‘cliff’ draws perilously near and news out of Washington is likely to dominate market direction for the remainder of the week. Have a very Merry Christmas!
