Here are today`s trading notes,
1) Pre-market is red again - ES futures are trading lower in pre-market but way off the lows;
2) Jeff Gundlach was on CNBC yesterday and he is also very worried about China; This could be one of the stories of the year;
3) One of Byron Wien`s predictions for 2012 is "Oil prices will decline to $85 a barrel" - he hasn`t been that right in recent 1 Year Outlooks but he may have a good call there, especially if China slows down sharply;
4) Another very good US economic data point, "U.S. Jobless Claims -15k To 372,000" - the US economy has been surprising on the upside;
5) And another, "ADP says U.S. companies added 325,000 to payrolls in December"
On other topics, I want to introduce you to The Vaccines with this fantastic track, "Post Break Up Sex":
I will leave you with a good trading quote, “When you're on a big winning streak, there's a temptation to think that you're doing something special, which will allow you to continue to propel yourself upward. You start to think that you can afford to make shoddy decisions. You can imagine what happens next. As a general rule, losses make you strong and profits make you weak.”
~ William Eckhardt
