I blogged earlier about $JPM leading the news du jour, but the Euro nation downgrade list is really the big news. Look at this mess (from the USA Today). A total of nine countries downgraded! Who was spared? Germany! Their country may be on the cusp of a recession, but other than that I guess things are fine.
I noticed some of my favorite gold bugs launched into some heavy gold positions today. Something to watch. Looks like - fundamentally - they're on to something.
