Wednesday, February 12, 2014

Quiet Yellen, Dow's a'Sellin'

Since Fed Chair Janet Yellen wasn't stuttering... er, um, speaking today, stocks pretty much ran in place.

That's all there is to this market, for now, but, stick around, the game will change at some point.

We do note that gold has been tearing it up lately, silver a little less so (though it made up some ground today), and don't we all love crude oil over $100 per barrel?

One can also buy more corn toady with the same amount or less silver than yesterday, so that's the deflationary argument.

DOW 15,963.94, -30.83 (-0.19%)
NASDAQ 4,201.29, +10.24 (+0.24%)
S&P 1,819.26, -0.49 (-0.03%)
10-Yr Note 99.94, -0.13 (-0.13%) Yield: 2.76%
NASDAQ Volume 1.88 Bil
NYSE Volume 3.30 Bil
Combined NYSE & NASDAQ Advance - Decline: 2995-2698
Combined NYSE & NASDAQ New highs - New lows: 232-36
WTI crude oil: 100.37, +0.43
Gold: 1,295.00, +5.20
Silver: 20.34, +0.188
Corn: 440.00, -1.50

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