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That little cliff dive in stocks in the last couple of minutes? "No substantive progress" has...

That little cliff dive in stocks in the last couple of minutes? "No substantive progress" has been made in talks with the White House, says House Speaker Boehner. S&P 500 back to flat after being ahead 0.5%.
Comments (5)
  • Topcat
    , contributor
    Comments (423) | Send Message
     
    No progress is needed John. Either take a good deal, or see the higher brackets, which we need (or some other adjustments to taxes to increase revenue). Obama has you, as was longed planned. Don't count on the American people letting you manufacture another credit rating downgrade (which costs us Billions) come January. You are about to blow away your House majority in 2014.
    29 Nov 2012, 01:07 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    None of the scenarios on the table come anywhere close to addressing the massive unfunded liabilities from Ponzi scheme entitlement programs, not to mention special interest welfare accounts for votes. The commenter above is living in some fantasy world, just like many in Congress and the WH.
    29 Nov 2012, 02:15 PM Reply Like
  • jwbest
    , contributor
    Comment (1) | Send Message
     
    I wonder which stock Boehner shorted before work this morning?
    29 Nov 2012, 02:35 PM Reply Like
  • Nolesince87
    , contributor
    Comments (258) | Send Message
     
    Market is going up even with a giant cloud hanging over it--what does THAT tell you? Climbing the wall of worry? WRONG. Just trying to max out the cash register when they tank it on some negative "news"... of course, the fiscal cliff will be resolved, and after a short-term (but steep) slide the market will rebound again in the next few weeks and make new highs in early 2013.

     

    Get ready.
    29 Nov 2012, 02:36 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    /ES at 1425 appears to be a possible upper end of a range that bottomed almost two weeks ago at 1340. The chase to one and then the other. What fun.
    29 Nov 2012, 03:00 PM Reply Like
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