It's a quiet day for a change, at least to start. Markets are flat and bouncing around a much narrower range in what has been a very volatile week. There does seem to be some movement to more risky assets which is a good sign. Oil and gold are on the rise. One of the major buy arguments for gold, that of a safe haven, seems to have kicked in, especially referring to the Swiss franc market disruptions from yesterday. Profit reports were generally good after market close on Thursday but negative momentum seemed to overwhelm the numbers. A day of consolidation could be very healthy since investors have all of a sudden become skeptical about a continuation of this multi-year rally. Interest rates continue at remain at very low levels.
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