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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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Friday, December 21, 2012

Boehner's (Merry?) Christmas Gift to Americans

Very simply, no deal.

After John Boehner's 'Plan B' failed to garner support among his own Republican party members and the House vote was cancelled, the S&P 500 Futures Index dropped 50 points last night in a matter of minutes and global indices around the world are deeply in the red this morning.

Gee, I wonder whose thinking is "bizarre and irrational" in the "Fiscal Cliff" negotiations? In his prepared 10:00 am press conference speech today, Boehner turned the resolution of the "Fiscal Cliff" issue over to the President and said "Merry Christmas"...I guess he has no more ideas.

It does not sound like he and his Republicans are willing to compromise on a deal.

Merry Christmas, indeed!