If fiscal-cliff is ready that bad Then will be pass at eleventh-hour as "Always"
But not before one last time scare the hell of market sell off to made it look like they has no another choice if they not pass it, and then got it done before Futures market open as "usual"... now we all feel like they do you a favor
From Europe to US the blue eyes, blown hair people all think the same as call good politics ...(Only the Chinese don't ready give a ff ) Other people's money and how to use it for my own future politics, Who's care ?
SPY dropped to 138.32 AH, closed at 139.30.
Apple dropped to 506.70 AH, closed at 509.19
VXX up to $ 38.46 AH, closed at 36.85
After force the weak hands to sell and trigger all stop losses Smart money, Big boys knew they got right back in under your noses and the dumb shorts going to cry like a baby Monday EOM, EOQ, EOY End off cap gain sell off, End of fiscal-cliff buy, End of the short's life cover, The Mother of all rally and the biggest window dressing for 2013 IRA show off to making up for the market last 5 down days
vxx up ahs means that protection was being bought, try this scenario no deal is passed markets plummet on monday, longs that didnt sell on friday panic and get out monday and the funds come in and get major bargains and start the new year off on teh 2nd with new positons at great entry points, they have to take all the stop losses out on apple before they let it strat going up again, the big hand is coming to clear the table, then the markets will resume.