Friday, January 3, 2014

Economic Journal - Friday, 1/3/2014

(as of 7:05 AM PST)

It should be a quiet, low volume trading day.  A huge snowstorm in New York City will keep many traders home.  Market indexes were recovering slightly after the worst fall in two years yesterday.  Oil continues its downward slide into the New Year and Gold continues into a two day rally after a dismal showing in 2013.  Interest rates are stable, but there is definite upward pressure with the reduction of government bond buying starting to affect rates.  Look for the markets to find direction on Monday, when most serious traders are back to work. 

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