1/14 Morningline: A Nietzschean Moment: Awake!!

The stock market, gold, oil, bonds -- long-term Treasuries and corporate junk bonds alike -- all are trading within a very, very narrow range this morning. It's as though someone put a magic sleeping potion in investors' breakfast cereal.

Even the Big 3 foreign exchange currencies -- the dollar, yen and euro -- are relatively quiet at the open.

Things are so quiet, and dull, and risk-free for the moment, even the  financial crisis inquiry commission would approve.

It's a Nietzschean moment: Sleeper Awake!

This morning's numbers . . .

Indicators:

• Blue chip stocks (SPY) open at 114.49, entered bull mode at close on Jan. 4 (at 113.33)
• Fear index or volatility (VIX) 18.16, bear (bullish for stocks), Jan.5 (19.35)
• Treasury long bonds (TLT) 89.69, bull, Jan. 12 (90.32)
• Corporate junk bonds (JNK) 39.88, bear, Jan. 13 (39.85)
• Gold (GLD) 111.51, bear, Jan. 12 (110.49)
• Oil (USO) 39.30, bear, Jan. 12, (39.63)

Forex currency pairs:

• Dollars per euro (EUR/USD) 1.4508, bull, Jan. 11 (1.4512)
• Yen per dollar (USD/JPY) 91.35, bear, Jan. 12 (90.97)

Stock options holdings, January expiry:

• KO, iron condor (p50/-p52.5/-c57.5/c60) 57.04, bull, Jan. 12 (56.88)
• LVS, covered call (-c16) 18.32, bull, Jan. 4 (16.62)
  

Stock options holdings, February expiry:

• CVS, iron condor (p29/-p31/-c34/c36) 33.79, bull, Jan. 5 (32.85)
  
• MRVL, bull put spread (p20/-p22.5) 20.60, bear, Jan. 12 (20.36)

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Topics S&P 500, SPDR, Spiders, stock market, blue chips, Treasury long bonds, high-yield corporate junk bonds, gold, precious metals, oil, petroleum, CVS, pharmacies, drugs Coca-Cola, Las Vegas Sands, gambling, resort, Marvell Technology, Friedrich Nietsche.