Trillions in the markets

Most of large funds in trillions, including the Fed, are sitting in the markets; and, the Fed Bernanke will not hint public until he recouped his money in the Fed balance sheet showing 2.3 trillions. Not only the Fed, most of major financial firms are waiting for small investors. For the reason, markets are still holding up.

Even though BofA reported quite bearish comments on Mortgage Mod program that 2/3 of his customers could lose the Mod program which could be signaling massive loan default, markets do not respond. The big funds are staring each other - "Nobody moves!"

http://www.cnbc.com/id/34313098

• Bank of America: 2/3 of Borrowers May Lose Mods
Mr. Schakett told me that of the 65 thousand trial modifications set to expire Dec. 31st with B of A, a full two thirds of the borrowers, while current on their payments, have not submitted the full documentation required to turn a trial mod permanent under the HAMP guidelines.

• Capital Gains: Investors May Take the Money and Run

  The volatile stock market of the past two years and the prospect of higher taxes in the years ahead will have investors crunching the numbers to limit tax exposure more than ever this year. Tax-Friendly Places to Retire

• FedEx Says Earnings Will Top Previous Guidance
• Why Does a Stronger US Dollar Worry Investors?
  • Rates to Remain Low: Bernanke
  • Dollar Reverses Gains
• Fed Will Keep Rates Near Zero Through 2010: Gross
• Something to Count On in 2010: Taxes Likely to Go Up
• Bank of America: 2/3 of Borrowers May Lose Mods
• Citi, US Deadlocked Over Capital Needed for TARP Exit
• US Consumer Credit Falls by $3.51 Billion in October
  

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So far, Gold bounced off from 1136 retest of the 11/27/09 formation @GC 1158.80 -5.20 -0.45%, with daily momentum turned to negative.

Holiday Trading & Gold correction

We are continuing to see a correction in Gold from the noted 1225.

@GC 1141.50 -28.00 -2.39% 101,196

Is it a hope for a financial market correction or another nightmare for bears?

We haven't seen a market correction since the March low. If the recent correction in Gold bubble is a hint for the markets, it would be excellent opportunity to see a long anticipated correction.

Using the remain bailout money for job creation is reasonable even though that's what the Government is doing anyway.

• The Obama administration will lose $200 billion less than expected from the federal bailout program and is looking at using part of the savings to fund new job creation efforts. Bailout Cost Estimate Slashed

• Profits Booming, Busting Like Never Before: Bernstein
• No Winners if Yuan Rises, Says China Think-Tank
• Five AIG Execs May Quit over Pay: Report
• Obama Urges Democrats to Pass Health Care Bill
• Finally Some Heat in Copenhagen Climate Summit
  • Climate Turning Point?
  • Poll: Will Talks Deliver?
• MetLife Outlook Tops Wall Street Estimates
• GM Taps Spencer Stuart to Conduct CEO Search: Report
• Dubai Govt Ring-Fences Key Assets, Shares Tumble
  • Dubai Government Won't Sell Assets for Dubai World Debt