SP 500 and NDX Futures Daily Charts - UPS Guides Lower

UPS, which is America's largest package delivery company, guided lower for the year.

Non-Farm Payrolls tomorrow.

William K. Black's Public Eye Speech at Davos - 'Mankiw Morality'

"Greed, I say, is a great flood; it is a whirlpool that sucks a person down, a constant yearning, always seeking a hold, continually in movement."

Siddhārtha Gautama Buddha


“Just as it was in the days of Noah, so will it be in the days of the Son of Man. People were eating, drinking, marrying and being given away in marriage, up to the very day Noah entered the ark. Then the flood came, and swept them all away."

Luke 17:26-27


"What is the appropriate behavior for a man or a woman in the midst of this world, where each person is clinging to his piece of debris? What is the proper salutation between people as they pass each other in this flood?"

Leonard Cohen

Gold Daily and Silver Weekly Charts - Rally on FOMC Day

Gold and silver advanced today on much weaker than expected GDP report, and with a negative deflator, a green light for the Fed to keep growing that balance sheet.

I suspect they will break through the five trillion level before this leg of printing is over.

Jobs Report on Friday. Tomorrow is the end of the month.

SP 500 and NDX Futures Daily Charts - Negative Data and a Pullback

The GDP report for 4Q 2012 was negative today, and even that with a negative chain deflator.

Stocks pulled back after the Fed did nothing new.

Jobs Report on Friday.

The uptrend is not yet broken in stocks. The overbought condition was getting ridiculous.