04 December 2012

SP 500 and NDX Futures Daily Charts

A relatively uneventful day despite the updown wash and rinse in a range.

VIX is creeping up a bit.  Let's keep an eye on it.

Pandora guided lower after the close and the stock is getting beaten up after hours.

I think going over the 'fiscal cliff' is a decent bet, as it serves the political interests of both political parties.    There will be histrionics, and a market tantrum.  

Barry Ritholtz points out that the last day for proposing legislation for this year is 18 December.