THE LAST DAYS OF 2010!

I certainly hope everyone had a wonderful Christmas. We are of course digging out here from a big blizzard. 15 inches on the ground plus drifts to 5 or so feet, and we had hours of winds of 50 to 70 mph last night. Busy doing some radio broadcasting work this morning but i have some time here to observe that markets are softer going into the open. The Chinese snuck a rate hike in on Christmas day but the markets dont seem to be reacting to badly to that. MLPS are seeing some firmness going into year end as i suppose money managers want to show them on the books since they were great performers this year. Not much happening this morning. There are no corporate developements and no upgrades or downgrades so far. Yields are flat to a little higher ahead of a two year auction so we will watch to see how that goes in thinner holiday trading. Crude is down a little and so is nat gas. Crude is at 91 and everyone is talking 100 which means we will probably see 85 first! Call me contrary!

Headlines as they break this morning..if they break at all. The open looms on what should be a lower start and then watching paint dry again.