This is the issue

Banking in Europe has come to a halt.  One of two things happens from here.  The ECB prints money or there is a total collapse that will also affect us.  Stocks in the US are set to make a large move in either direction.  If the Fed or Europe can print we go up/  If they don't we go down.  I am still long gold and silver and they did well yesterday.  Today everything is starting off weak - my feeling is that they will print but it may be a rough ride first. http://www.ritholtz.com/blog/2011/12/european-banks-remain-reluctant-to-lend-to-one-another/