Today's Outrage: Where's the 'Good' News?

Maybe the bulls will see some buying opportunities and offer up a silver lining? That's about all we can hope for at the moment.
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Nothing but gray skies, everywhere I look. Even the sky over Wall Street is gray today.

We've got the

Fed

about to

cut interest rates

down to practically nothing, which is bad news for everyone holding onto cash amid all this market turmoil. Gold and silver prices have been sinking, so no help there.

Goldman Sachs

(GS) - Get Report

posted a

$2.3 billion loss

for the fourth quarter, its first since going public in 1999. Even

Apple

(AAPL) - Get Report

is struggling to sell its Mac computers, with

sales flat in November.

Meanwhile,

OPEC

is preparing to cut output to drive oil prices back up because some of the members of the cartel can't profitably produce crude at prices below $70. The price of oil rose above $45 a barrel in anticipation of a cut.

Oh, and then there's all this negativity from the

Bernard Madoff scandal,

which may well be overdone. After all, what's $50 billion amid a $700 billion banking bailout?

About the only good news is coming out of Iraq, ironically. It seems

General Electric

(GE) - Get Report

won a $3 billion order to supplypower-generation equipment there. At least that's something.

Maybe the bulls will see some buying opportunities and offer up a silver lining? That's about all we can hope for at the moment.