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
- The Chart Showing What A Trader's Crash Course In Washington Politics Looks Like | ZeroHedge
- Death & Taxes... And Debt | ZeroHedge
- Schumer Says He Will Oppose Gorsuch Nomination, Threatens Filibuster | ZeroHedge
- Artist's Impression Of Judge Gorsuch's Nomination Hearings | ZeroHedge
- Nunes Calls Comey, Rogers For "Closed Session" After Finding "Concerning Info" In Intel Reports | ZeroHedge
- Former Russian Lawmaker Shot Dead In Broad Daylight In Ukraine Capital | ZeroHedge
- USA places last in Forex market | ZeroHedge
The most relevant financial news and articles from the Internets
- Actress Emma Thompson says Trump hit on her: 'I didn't know what to do with myself... | Business Insider
- There could be a $3 trillion shift in investing, and it poses a... | Business Insider
- Porsche is celebrating its best year in history by giving every single employee a... | Business Insider
- The new sci-fi thriller 'Life' is a cult classic in the making | Business Insider
- Trump's reputation as a dealmaker is on the line... | Business Insider
- A heated battle between Amazon and an Alibaba-... | Business Insider
- French retail giant launches online bank accounts | Business Insider