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Expecting a Quiet Friday, Even in Light of Options Expiration

-Very quiet in the overnight, with overseas mkts trading in a tight range
-Congress passed extension of Bush Tax Cuts last night
-Ireland was downgraded by Moody’s- no real impact on the mkt, was not a surprise
-German IFO (business confidence) came in better than expected
-EU created a permanent bailout structure, effective 2013
-PBOC was out saying it would take prudent approach to raising rates
-S&P futures down about 1.25 handles from FV
-Treasuries up
-Only item on economic calendar for today is Leading Indicators @ 10a
-Note: today is options expiration (quadruple witching: index futures, index options, stock options, stock futures)
-Would typically expect volume and volatility on an options expiration day, but today does not feel like it will be one of those days (again, very quiet in the pre)

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.