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WAITING FOR BERNANKE & CO

|Includes:AAPL, AMD, BUNL, DBA, DJP, EEM, EFA, EPI, EWA, EWG, EWJ, EWY, EWZ, FDN, FXB, FXE, FXI, GDX, GLD, IEF, iShares Russell 2000 ETF (IWM), IYT, JJC, JJG, MCD, MDY, MOO, NSC, QQQ, RSX, SLV, SOXX, SPY, UGA, UNG, USO, UUP, XLE, XLF, XLK, XLY, YHOO

The Fed will make its policy announcement Wednesday and this should keep volume light and markets tense until then. They'll make their announcement, hold a press conference and then various Fed Governors will be out on the hustings to "sell it".

Apple's earnings are front and center after the bell and came in up 118% blowing away estimates. There must have been an iPhone, Macbook Pro and an iPad under many Christmas trees this year. The stock is up over 8% in late trading as this is written. McDonalds (NYSE:MCD), and a heavy weight in the price-weighted DJIA, continued to produce good results ($1.33 vs $.30 expected) especially from overseas sales. Unless eaters get carried away you can buy enough food (50 piece Chicken MeNugget for $10) for the family for less than you can make yourself. With two income earners (at least when they're both employed) convenience has its importance. I'm still trying to imagine families eating their McNuggets in a designer kitchen.

An interesting story from Stratfor caught my attention today as they dissected and estimated the outcome of the current Iranian tension and stand-off. The line that caught my attention was this:

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Stocks: IWM, QQQ, AAPL, XLK, AMD, SOXX, YHOO, FDN, XLF, MCD, XLY, NSC, IYT, IEF, BUNL, UUP, FXE, FXB, GLD, GDX, SLV, JJC, DJP, USO, UGA, UNG, XLE, DBA, JJG, MOO, EFA, EEM, EWJ, EWA, EWY, EWG, EWZ, RSX, EPI, FXI, SPY, MDY