The Four Horsemen of the Apocalypse were split on the Armageddon Trade today.  Gold and the dollar diverged and were non-confirming, though stocks got hammered and took out some short-term technicals.  Bonds rallied off lows to close essentially flat.    Today smelled more like deflation, a global slowdown, troubles in Euroland, and risk reduction than a loss of confidence in the United States.   Or it could all just be noise.  Nobody knows.  Stay vigilant.

(click here if charts are not observable)