(As of 7:10 am pacific)
December opened with positive
news on the international front. Strong
economic data from Asia and positive news from Europe spurred an early morning
rally. Strong rhetoric from dueling
political parties is being downplayed relating to fiscal cliff talks. The likelihood of a solution prior to year
end is becoming widely accepted.
Complacency abounds. Oil and gold
are up moderately as are most commodities.
The dollar is down across the board.
Upbeat economic data both in the US and Internationally over the last
few weeks have created a very solid base of positive momentum. It should be a good day for markets.
