YIKES!!! --oh yeah, and good morning! So yesterday everything (stocks and metals) tanked with major indexes showing institutional dumping and metals to new lows for the year. On the other hand the best buying opportunities in the past have also been big drops in heavy trade although then again most distribution days preceded worse ones but on the third hand while yesterday's trade may have been bigger than the rise on Monday it was less than Friday's drop---
Everyone see where we're going here? So while we don't know where prices will actually end up today we do know that the only noise today from the econ conclave will be the MBA Mortgage Index, Crude Inventories, and the Treasury Budget. Maybe I'll just hang out on these threads:
- Internet sales tax bill re-introduced in Senate
- Republicans Aim to Deny Tax Benefits to Former Undocumented Immigrants
- Gold's Obituary... Phase 2 Now Underway
- 7.7M ObamaCare customers qualify for subsidies in 2015 ($2 billion per month)
- Recession Alarm: Wholesale Sales Plunge Alongside Factory Orders, Worst Since Lehman
- McDonald's Latest Sales Are Worse Than Expected
- Walker Hits Back at Obama
--and fwiw, at an hour before opening we got stock futures +0.21% and metals -0.17%.