We’ve at present the Euro, Swiss Franc and Silver below today’s Neutral Zones; Oil is above same, and BEGOS Markets’ volatility is mostly moderate. Yesterday’s -1.5% drop in the S&P 500 pales in comparison to its actual monetary outflow which was equivalent to a -11.5% S&P drop: remember, this is a leading indicator suggestive of still lower levels near-to-mid-term for the S&P. The Bond has performed splendidly as foreseen by its “Baby Blues” (see Market Trends) some two weeks ago. The Metals Triumvirate took quite a thumping yesterday, Silver notably so as the Gold/Silver ratio is back above 90x (90.3x in real-time); the current edition of The Gold Update mentioned the possibility of Gold “dropping like a stone”, and so it did to start the week with the FOMC and then key inflation data in the balance; nonetheless, Gold’s fresh weekly parabolic Long trend offers some 200 points of downside protection before such trend would reverse. The Econ Baro awaits January’s Consumer Confidence and December’s Durable Orders.