Wednesday, August 17, 2011 5:15 PM – Stocks Flat, Bonds & Gold Up, Inflation #s This Week

For once, there was not much excitement in stocks today, which is fine by most folks. Bonds were up again today as was gold and food. Our stock market is having a hard time getting above 1200 on the S&P 500 but it is not dropping, either.

The meeting between Angela Merkel of Germany and Pres. Sarkozy of France accomplished little and that had European markets off a half percent today.

Inflation #s are due the next couple of days, Producer Prices tomorrow, Consumer Prices (CPI) Friday. Falling home, gas and oil prices will help somewhat but prices on food and imports are up. I don’t look for a big surprise either direction.