[Timpanagos1]

When the banks are playing with house money and any catastropic loss will be offset by the taxpayers, I can see why the banks would oppose the Volcker Rule.

[expat_panama]

Good morning investors!  What we got is stock indexes are beginning to scatter --the NASDAQ hits a new high (in faster trade) but the big cap S&P and the DOW pull back (in lower volume).  While these stocks are slowing/reversing from the top of their ranges gold and silver bounce back up from the bottom of theirs --now priced back up at $1,185.95 and $16.67.

Ironically futures traders see metals falling -0.05% and stock indexes up +0.05% but hey, that's barely moving at all.

Reports a half hour after opening: JOLTS - Job Openings and Wholesale Inventories.

fwiw:

Don't Be Sure That Infrastructure Spending Will Boost Growth Mihir Sharma, BBW

The Right Shouldn't Associate w/ 'National' Strategies John Tamny, RealClearMarkets

Prudent Things for Investors To Do w/ the Dow Near 20K Nigam Arora, MarketWatch

President Obama Was Officially Terrible for Hedge Funds Jen Wieczner, Fortune

How Excessive Risk Aversion Boosts Risk of Death Richard Rahn, Washington Times

Why Should Wealth Disqualify Those Eager to Serve In Government? Ira Stoll, NYS

Understanding the Republicans' Corporate Tax Reform William Gale, RealClearMarkets