So Much For 'Happy Holidays'

Includes: SPY
by: Cullen Roche

It looks like the Grinch ended up stealing Christmas after all. And instead of a tall, creepy-looking green guy, the Grinch is showing up in the form of 536 ignorant politicians who refuse to work together.

I had been hoping for a nice, quiet end of the year. Instead, we're in the middle of the worst last-week-of-the-year performance for the market since 1950. The S&P 500 is off 3.5% in the last five sessions, thanks entirely to the fact that the American political system has become a mockery.

Anyhow, it looks like over the cliff we go and then the political charade begins again next week. Fun times.