In regard to yesterday, the finance guy from the all-news radio station in LA yesterday said that yesterday was the lightest volume trading day of the year. No surprise to us. But then he also said that it was the lightest volume trading day since 1998. Sure seemed that way.
The USD rebounded this afternoon from a recent low this morning after the Fed's bond auction was a bit of a dud. This may be partly responsible for the pullback on crude this afternoon. And the USD's weakness is partly responsible for the run up although it's been a bit flat lately. But it's hard to make much sense out of trading which is so thin due to the holidays and bad weather in the East. http://www.marketwatch.com/story/dollar-falls-to-key-lows-versus-yen-swiss-franc-2010-12-28
$3.19/gallon gas today at the BP station. I did pocket a slim jim and an air freshener while the cashier was busy helping some guy in a wheelchair get in the bathroom. I should of grabbed a few cartons of cigarettes and I would of been way ahead.