Best Guess: Gird Your Dollars!

Remember the line from The Devil Wears Prada?  Meryl Streep walks into the office and someone yells ”gird your loins!”  Today, Stuart was yelling watch out with regards to the dollar, because it won’t stay down for long.  Translation:  gird your investment in gold.  So many average investors are jumping into gold, and I think that is a trading mistake.  Why jump into a commodity that has not performed worth a “dime” over the last ten years?  Market forces are pushing the trade, and when the gold shorts come out…..gird your gold!

CC

STUART VARNEY: Watch out….the dollar slides. How long before Central Banks intervene…Obama admin wants a weaker dollar…may be forced to act to get it back up…

TOM SULLIVAN: Bank of America will appoint an interim CEO late Wednesday when the news cycle goes into quiet holiday mode. This will allow the bank to proceed with an orderly search and provide Congress, or other witch hunters, the ability to throw darts at someone who will be temporary.

ELIZABETH MACDONALD: Bofa director chad Gifford steps in as interim ceo of bofa while it searches for a successor

SARAT SITHA: S&P is 1100 or higher by the end of the year..

CHERYL CASONE: Consumers looking for deep discounts this Black Friday, and for most of the holiday shopping season will be disappointed. Inventories are leaner, late payments on credit cards are down, and stores are not adding much to their holiday payroll. Sales activity increases the third week of December, and YOY holiday sales rise.