skip to main |
skip to sidebar
Non-Farm Payrolls report for November is coming out tomorrow. I would not be surprised to see a very light, sub 100k number compliments of Hurricane Sandy.
The FOMC has a two day meeting next week, and will announce its decision on Wednesday 12 December at 12:30 PM. I expect they will do something for the economy now that the elections are past.
Stopping the sterilization of Operation Twist seems likely at the least. That would increase the size of their balance sheet, and is gold positive. This could explain in part the chickenshit bear raids on the metals all week.
Have a pleasant evening.
AAPL caught at least a dead cat bounce today. We will have to see if it continues and proves to be something else.
Traders are starting to talk optimistically about a Santa Claus rally. They see Senator Jim DeMint leaving the Senate as a sign that the impasse over the budget is thawing. I was surprised to see a standing Senator step down like this to take a private sector position with what is essentially a lobbying organization.
"Gov. Nikki Haley of South Carolina, a Republican, will now be compelled to appoint a successor who would then run to maintain the seat in a special election in 2014, when Republican Senator Lindsey Graham, the senior senator from the state, will also be up for re-election. Aides said that Ms. Haley was surprised by Mr. DeMint’s sudden announcement."
Non-Farm Payrolls Report tomorrow. We may see another light number compliments of Hurricane Sandy.
FOMC meeting next week.
“How far that little candle throws his beams!
So shines a good deed in a weary world.”
William Shakespeare
Lord, how manifold are thy works! In wisdom thou hast made them: the earth is abundant with thy creations.
Psalm 104:24
Is there a darkness over the earth?
It glimmers like a candle in the night.
The darkness of our hardened hearts,
Casts images and shadows in the light.
NASA,
Spectacular Black Marble Images Show the Earth in Darkness
