"The greatest triumph of the banking industry wasn’t ATMs or even depositing a check via the camera of your mobile phone. It was convincing Treasury and Justice Department officials that prosecuting bankers for their crimes would destabilize the global economy.”
Barry Ritholtz
As a reminder, this is a stock option expiration week.
Obama's State of the Union message this evening. Regards to the staffers watching their bosses at Bullfeathers.
There was a hit on the metals but they clawed their way back.
I include the VIX here just to show the complacency and the likely cause for the divergence between stocks and the metals. Its a 'risk on' thing and its has been going on since the Republicans blinked on the fiscal cliff.
