The Hook is Set
The tepid rally of the stock and commodity markets since the hope for indications of signs of QE 3 out of the Fed minutes earlier this week is behind us. Short term sell and flash crash indicators are all locked on with yesterdays action. Now the move to a higher dollar and interest rate scenario is in play and this means gold, commodity and stock markets are headed lower.
8:40 AM CDT addition
As to the dollar, the realistic approach of the Obama administration to the old Israel/Palestine issue will be an additional push to higher levels as the world takes heed.
And one other point, the Linked In and Facebook stock speculation is an in your face signal that the crazies have taken over the markets. Lined In will be a good place for everyone to share the fact that their stock is declining.