(As of 7:00 am PST)
Stocks are searching for
stability. Earnings have been
mixed. The commodities collapse
continues to spill over to other markets.
Mixed news on the international scene is not helping. Today’s new jobless claims number came in
slightly higher but was pretty solid.
Gold and oil are both up, recovering after being trounced again
yesterday. The US dollar is generally
down. Comments from Federal Reserve
governors have provided mixed signals to the markets, but the strongest
reaction comes from influential Governor Lacker who is calling for an end to
QE3. Even the slightest hint of stemming
the flow of liquidity sends shudders through the investment community. However, expect the market to digest the news
and turn positive as the day wears on.
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