Interesting discussions guys....
Nepali_american,
 damn...we have similar thoughts about Melissa lee and Maria Bartiromo. The blonde u r talking about Tyrrany, may be one from CNBC as there is a blonde i like in cnbc and don't remember her name.....there is another in cnbc, comes in early european session from New york..she is hot too....

hmmm...digraced man...

Let me talk about stocks now....
GLD....as it moves preety close as gold...lets start with gold....gold made highs above 1900 and last month and retested that high recently....the unusual and steep climb towards highs above 1900 for first time was already dubious.... there u heard chatters of gold being overvalued in short-term .....is it going to show temporary signals of topping ??? thats what i was thinking...just being cautious. and then it tests highs of 1900s again.....and fails....a temporary double top ????  Meantime...market is testing its lows...fear is everywhere...running to safe haven assets is norm. But Fed declines to expand its balance sheet...it doesnot print money as it did in QE 1 and 2...merely reinvesting proceeds from short term bond sales to long-dated bonds....no QE3 for now....market positions for new reality...asset class rotation comes in play.....stocks get dumped....money flows into bonds...10 year Treasury yield makes lows.....safe heaven plays. Money moving to Treasurys understandable.....but gold becomes biggest looser....surprising....may be big hedge-funds and institutional investors needed buyers to unload huge positions....and what could be better moment than this week....fear..fear and fear

about the future of GLD, I dont see it as sell right now....go and see weekly charts....40w moving average has been such a good support for last 2-years....and it hasn't still tested it......unless 40w MA is broken and lower highs are are not seen....it is not sell....may be hold....don not add position either.  Economic uncertainty in Europe and possible recession in U. S. always can spark anothe rally...the talk of indian and chinese demand for gold may provide some support to it but not going to spark another rally....I have heard that before in 2008 too and it is just a market noise.
 
About the strength of dollar....weakening of Euro is ovbious reason...as it is one sixth part of dollar-index......no QE3....larger possibility of recession in europe which will certainly make european central bank to cut interest rates in near future....dollar will go up...charts are aligned with fundamentals.....market sells off, dollar will go up as safe heaven....and strong dollar hurts american exports and not considered revenue friendly to multinational companies who earns big chunks of thier revenues from rest of the world. 
 
That leaves me to think, stronger dollar and stronger market are possible together in this scenario ????  Where is market heading next ????