Things are quiet but there is a lot going on behind the curtain.  The best "one" of the day is that they may have "found" the missing $ 700 Million in MF Globals account at JP Morgan.  The last thing the Banks want is for the Volker Rule NOT to get watered down and $ 700 Million is a cheap price to pay to pretend that Wall Street is honest and that we do not need a Volker Rule.  I still have EUO - it smells as if they kept a lid on the Dollar. Governments around the world still work for the Banks and until that changes the world will be trapped in the land of smoke and mirrors.

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