MORNING BITS

Hard to believe that GOLD/SILVER/COPPER ripping higher this morning and equity futures right along with them. Note to CNBC, generally, when commodities go higher, the markets go higher (check the charts).

There is some great stuff by the bloggers this AM, and I suggest that everyone check out Ron Sen's take on the current state of the markets.

Trader Mike also has an interesting take on the current state of the tape.

Tom Herman, with some breaking news at the WSJ $ on fighting the IRS. Good stuff and yes if you go to the IRS appeals division, they will generally compromise on the tax owed. The reason being, (take it from a former IRS auditor), they want to close out the case and move on to the next one. Going to Tax Court is generally not what the IRS wants to do when they have differences with ordinary citizens, corporations a different story.

Do not forget that today is the OIL CROP report, so should be some interesting trading in the energy sector come 10:30 Eastern time.