How deep in the hole are the state and local governments? Truth is, nobody knows. The states report their liabilities in strange ways, often ignoring accounting conventions.

The stock market indices suffered small losses to close out the week, but came way back from steeper losses by midday.

Mike Paulenoff takes a look at the bond market via the iShares Barclays 20+ Year Treas Bond ETF (TLT).

Download Adrian Manz's Around The Horn Intraday Trading Plan PDF for January 7.

Dr. Adrian Manz analyzes the major markets, stock sectors, and individual stocks for January 7.

Dave Landry takes a one-minute look at the stock market in his video for January 7.

During pullbacks, Deron Wagner looks for ETFs that have exhibited relative strength and have formed support levels to act as a springboard for the next rally.

The performance of precious metals during 2010 was one of the standout investment themes, and Clive Corcoran remains firm in his view that gold and silver are still in fundamentally bullish phases.

The stock market indices today went back and forth in the morning and consolidated for most of the day, moving lower on the S&P 500, but holding up much better on the Nasdaq 100.