10am update - morning chop

The econ-data keeps on coming in, Chicago PMI was 52, not quite recessionary, but the market is not entirely pleased. Despite the weak market, VIX is still red. Precious metals are trying to put in another morning reversal.


sp'daily5

vix'daily3

Summary

Not the most exciting of starts, but the econ-data is certainly warning of 'issues' out there. All those bull maniacs looking for 2-3% growth in 2013....thats going to be real difficult to hit now.

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*I am (as ever) watching the metals, which are again offering a morning reversal.