Euro is trading near session lows at the $1.321 level as Spain forecasts 24% unemployment in 2012. China reportedly was buying Gold a few days ago when a large US fund started dumping during Bernanke’s speech. Dow Jones crossed the 13,000 mark over 50 times in 3 days. Also, Bank of America cut its Q1 GDP forecast from 2.2%-1.8%. Maybe high Gasoline prices are really cramping the consumer. IMF reports that the threat of a major global slowdown has ended as macro numbers are getting better. Big Lots, CTIC, and Overstock are set to report earnings today.
