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
- Name That Chart | iBankCoin.com
- Famished for Moar Gains | iBankCoin.com
- Five Stocks to Add to Your Lunch Paella | iBankCoin.com
- Fed's Chuck Evans Loses It | ZeroHedge
- Russian Troops Open Fire In Crimea, Reuters Reports As Kerry Delays Russia Visit | ZeroHedge
- Elevating Markets: A Signal of Reviving Bank Lending? | Financial Sense
- China’s Credit Markets Under Pressure | Financial Sense
The most relevant financial news and articles from the Internets
- Why Extensive Mental Health Treatment Didn't Stop Adam Lanza | Business Insider
- Man Jumps Onto The Back Of Moving Truck, Climbs Into the Front To End A Police... | Business Insider
- Supply Chain Management: The Next Big Thing? | BusinessWeek
- Taylor Swift Tops Billboard's Highest-Paid Singers | Business Insider
- A 25-Year Timeline Of The World Wide Web | Business Insider
- Lena Dunham Stars In 'Adam & Eve' Parody Of 'Girls... | Business Insider
- Marlins Slugger Hits One Of The Longest Home Runs You'll Ever See | Business Insider