• A disappointing morning as there appears to be little follow through of yesterday’s rally.
• Oil is up as is gold, both modestly.
• Reading the newspapers recently is a depressing event.  There is very little good news apart from Tiger Woods returning to the tour.
• Dividends are being slashed everywhere.  JP Morgan and Allstate come to mind,
• A higher percentage of gold buyers are taking delivery.  Some 4% of gold contracts are actually being shipped to homes and offices.  Brinks is doing a brisk business.
• Gold coin dealers are almost out of supply.
• You can’t even rely upon jelly.  Smuckers’ stock is down 7%, pre-opening, as it’s earnings disappoint due to a dearth peanut butter sales.
• Solar stocks getting crushed as First Solar announces weak demand.
• Las Vegas implodes as Wynne and others admit to lower take.
• The stimulus is already being felt.  This morning the governor of North Carolina announced that about $400 million will be used to improve roads and bridges.  It is estimated that about 14,000 will be hired.
• I haven’t fully explored this free photo editor yet but it looks very promising. FotoFlexer – The world’s most advanced online photo editor

Make it a great day and we’ll talk later.