Tag Archives: Fiscal Cliff

Cliff Diving – Day 17

Not much happening x/ markets remain weakish. The big moves came in gold, down over 1 percent, and the VIX continues to move higher.  No panic yet as the Russell continues to outperform.  Concern?  Yes.  Panic?  Not yet. Apple couldn’t … Continue reading

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Cliff Diving – Day 16

December, the overall best month for stock performance, isn’t supposed to start like this! The S&P500 opened almost at its high of the day, traded through the 50-day moving average, got spanked  and commenced to sell off the rest of … Continue reading

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Cliff Diving – Day 15 “…almost nowhere”

Same old same old. Politician speaks, market sells off, shorts cover, market closes unchanged.  This is getting old. Boehner came out throwing flames today saying the negotiations are “almost nowhere” and calling the President’s opening offer not a “serious proposal”.  … Continue reading

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Staring Down the Cliff

Nice chart from the Economist laying out the impact of the automatic tax hikes and spending cuts to begin on January 1st if Congress and Administration cannot reach a compromise. (click here if chart is not observable)

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Cliff Diving – Day 14

This market wants to rally. It certainly feels that way after yesterday’s trading — big downdraft at the open only to reverse and close up big and at the highs — coupled with today’s resilience after speaker Boehner’s negative comments.  … Continue reading

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Cliff Diving – Day 12: Give ’em Hell, Harry!

Geez, we’re off the desk for less than 12 hours and the Senate Majority Leader (SML) takes an ugly stick to the stock market.   Far from the trading action, but here’s our read Reid. Let’s start with Harry talking to … Continue reading

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Cliff Diving – Day 11

Resilient. After last week’s low volume ramp, stocks were prepared to be flogged by the bears.  Two hours into trading and a 10-point flop in the S&P500,  the selling dried up and, led by Apple (+ 3.15 percent),  stocks began … Continue reading

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‘Toon of the Day: Showtime!

(click here if cartoon is not observable)

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Cliff Diving – Day 10

What fiscal cliff? The markets seem to have ignored it – the S&P500 has ramped over 65 points from last Friday’s low, albeit on very low volume.  Furthermore, Dan Clifton over at Strategas notes, Since the election, the number of … Continue reading

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Cliff Diving – Day 8

Watching paint dry!  Boring market. Equities moved a little higher on the back of the Israeli/Hamas cease-fire announcement.  It’s easy to get ground up trying to trade such a directionless market.   No volume, but, still, the market is holding its … Continue reading

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