Friday Stocks Go Down the Hole
If you haven't heard Plan B has been dropped and Dow Jones Futures are down 200 points. Expect a terrible day and a kick in the pants for your 401(k), IRA's, and personal trading portfolios. It's going to suck.
Late Thursday night here is how things are looking:
Stock Futures | Americas
|Index Future||Date||Last||Net Change||Open||High||Low||Time|
If something doesn't happen fast and it looks like it won't we could be for a terrible bear run on equities. House Speaker John A. Boehner threw efforts to avoid the year-end “fiscal cliff” into chaos late Thursday, as he abruptly shuttered the House for the holidays after failing to win support from his fellow Republicans for a plan to let tax rates rise for millionaires.
Volatility is going to be off the hook tomorrow. If you happen to own shares of the iPath S&P 500 VIX Short Term Futures (VXX) you are going to win big.
Hang in there fellow Masters.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Caterpillar Warns Of "Economic Weakness Throughout Much Of The World", Cuts Guidance | ZeroHedge
- Oil’s Biggest Threat: Demand to Peak Within 15 Years | Financial Sense
- Why Blockchain Will Render Gold Worthless | ZeroHedge
- Caught On Tape: ISIS Destroys Abrams Tank With Anti-Tank Missile | ZeroHedge
- The Public Pension Time Bomb Is Starting to Explode | Financial Sense
- Austria Sells €2 Billion In 70 Year Bonds, Pushes Global Duration Risk To Record High | ZeroHedge
- "We Are Battling Satan" - Venezuela's Desperate Opposition Tries To Sue Maduro For Creating A Dictatorship | ZeroHedge
The most relevant financial news and articles from the Internets
- 'Patient Zero,' the person vilified for bringing... | Business Insider
- US GENERAL: Hundreds of ISIS fighters have been... | Business Insider
- Tinder wants you to match with Hillary Clinton... | Business Insider
- A 'decisive shift' just took place in the most important part of... | Business Insider
- What you need to know on Wall Street right now | Business Insider
- GOP leaders in Congress want to vote... | Business Insider
- Here's why airports are such an inefficient nightmare, according to an architect... | Business Insider