Markets remain largely unchanged as they wait for Bernanke and the ECB to drop some cocaine.
The big news of the day is that Issac is now a hurricane bearing down on “The City That Forgot” aka “The Big Easy” aka “The Crescent City”. Issac has shut down 93% of the oil output in the Gulf keeping WTI and gasoline futures higher than really need be.
Hopefully Issac will just dump a little rain and not the 10-20 inches expected on the Gulf coast.
