Whether it's due to bad weather in New York or bad news across the globe, Matt Nesto and I came into this taping with lousy moods and deepening concerns. Hey, I'd love to tell you otherwise, but this is Dos Hombres; we call it how we see it.

For Nesto's part, he's eyeballing the snowballing European debt crisis and its impact on the US. Spain and Italy are now bubbling to the surface, joining the ever-troubled Greek economy in making the EU appear shakier by the week. Citing contrarian Jim Grant, who has recently changed his bullish stance and is now liking cash, Nesto mentions that there are two ways for a nation or economic body to deal with a slowdown: head-on or by dragging the pain out as long as possible.

Now that some of the steam has come out of the recently raging commodities sector, Breakout invited independent trader and author of Oil's Endless Bid to come on the show and tell us how to play the "stuff" sector now.

Encouragingly for those still trying to catch their wind after the silver and oil collapse, Dicker says the next few months will be a time for the price action to chill and collect itself. "A couple of things have taken a little bit of the steam out of the commodity trade," says the always opinionated Dicker. For one, he notes that the end (possibly) of QE2 has traders a bit unsure of how commodities will react to the end of the "free money trade which fuels a lot of the commodities' rise."