Monthly Archives: December 2012

Dec31

While no deal has been announced, it appears the market thinks its close enough for government work (pun intended).  Obama's presser at 3 PM sure wasn't conciliatory though, so expect many battles ahead.  It will be interesting how far they…

Dec31

Obama to speak at 1:30 PM.  Based on what they are leaking taxes go up a few % for singles over $400K and families over $450K.  A few other things are moved around (div taxes, estate taxes) and essentially this…

Dec31

Before we get to any technical patterns first the topic of the day/week/quarter – fiscal cliff nonsense.  My inclination over the past month has been they would most likely kick the can until just after Jan 1 so that the…

Dec28

For those of us who have become accustomed to the constant gap ups the past 3-4 years, seeing the market gap down 4 sessions in a row is like seeing a unicorn.  Even during the major selloffs since March 2009…

Dec27

From fear to greed, in the snap of a finger.  About 18 S&P point rally in 60 minutes. Doesn't make sense for me for GOP to bow one day before cliff when they can wait til Jan 3rd and claim…