Dow 12,681.16 -43.25
Nasdaq 2,858.83 +24.40
SP500 1,345.02 +1.22
10-YrBond 2.96% -0.05
GLD 156.12 +1.29
SLV 39.07 +0.76
PTM 20.99 +0.18
XLE 79.73 +0.40
XLF 15.32 -0.04
VXX 20.73 -0.15
Gold closed above 1600 and silver closed above 40.
Dan Norcini said, "Only in America in the age of hedge fund computer algorithms could we get an upside reaction in stocks and a downside reaction in gold on news that the US could get the greenlight to plunge itself ever deeper into a morass of indebtedness as its financial condition further deteriorates ... Excuse me for not becoming part of the cheerleading crowd who equate more indebtedness with a good thing."
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