We believe the Fed will follow what the market is telling us and not tapering would almost be the bigger surprise in our opinion. JAN14 crude oil is down $.84 to $96.66, after not being able to break higher above the $99 level.
Traders have a busy week of economic reports next week including the December FOMC meeting, CPI readings and a number of housing reports.
The stock market could use a healthy correction soon, before prices start rising at an unsustainable pace.
An investor bought $5.12 million in call options that will be profitable if the Chicago Board Options Exchange Volatility Index jumps at least 50 percent in the next four months.