Awaiting the SOTU
Maybe this is a day to kick back and ponder.
The Stock Market is at a stalemate as we all await the State of the Union message. It has rallied on the belief that the practical side of Obama will do anything to avoid the Fiscal Cliff and Sequestration. What if it is wrong and strong medicine comes into play. See comments here:
At the moment the short Japanese Yen / long Gold trade seems to have reached an impasse, maybe cheap money does not equate to an end of deflation. See Samuelson’s piece here: