A special holiday greeting to all of our clients and especially to you die hard bloggers who come, even on Christmas Eve morning, to hear about what's happening on this holiday shortened day of trading. It has certainly been a week of holiday cheer after it seemed that the Grinch was going to steal our Christmas last week. Markets are quiet this morning, but the 2.9% gain for the S&P500 Index this week has provided a much needed lift to what has been a very difficult quarter and year. In a quiet day for economic data, the lone indicator shows that jobless claims are down in a continuation of what has been a moderate economic recovery for the US. A turn around in the oil sector has added to investor optimism. Don't expect much action today since many traders are taking the day off. International markets were split overnight, with Asia mostly down and Europe making a strong gain, with the Euro showing surprising strength as well. Precious metals and most commodities are stronger due in part to a weakening US dollar. We wish you all a very Merry Christmas!
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