What We're Reading

With half a century in the market, whose wisdom better to draw upon than Art Cashin, Director of Floor Operations at UBS.

Lastly what Christmas holiday would be complete without Art's annual poem courtesy of BusinessInsider:

'Tis two days before Christmas

and at each brokerage house

The only thing stirring

was the click of a mouse

Down on the Exchange

the tape inches along

Brokers bargained and traded

as they hummed an old song

 

The Fed says they're "patient"

but some folks still fear

That rates they'll start hiking

too early next year

 

Frisco took the series

and Seattle the Bowl

But Tiger still struggles

to get the ball in the hole

 

Ellen D. took a group selfie

at the Oscar awards

The darn thing got retweeted

till it pulled down some boards

 

Putin scooped up Crimea

and some parts of Ukraine

But an oil plunge and sanctions

are causing him pain

 

In Europe a song contest

was won by a nun

And the song that she sang was -

Girls just want to have fun

 

In Portland a kid offered

a hug

U.S. markets will close early tomorrow, Christmas Eve and remain closed on Christmas day.  Regular trading will return on Friday although who's really going to be around?  Not me.  Even though it's a holiday week though, I will still be charting in the background (mental health time) so check back when you find spare moments and checkout our "Charts" section for new setups. See you back here full time next Monday.

Posted without commentary. What are your thoughts?