(As of 7:19 am pacific)
All eyes are on Washington as
markets disregard positive economic news from China and continuing good news on
the domestic front. US Industrial output
is up and inflation seems well under control, giving the Fed more room for
economic stimulus programs. Apple computer
is a big drag on markets as it continues to fall heavily. Oil and gold are up slightly as are most
commodities while the US Dollar is falling.
All US markets are slightly to the downside, but mostly unchanged. There is a sense that the market wants to
explode to the upside and may well do so if an agreement on the fiscal cliff is
announced.
