S&P 500 Snapshot: Cliff Limbo and Holiday Spending Confusion

From dshort.com - Advisor Perspectives
December 26, 2012 - 5:04pm

Dec 26, 2012 Doug Short  Christmas 2012 is now a memory and presumably congress and the president will be knuckling down to deal with the Cliff deadline, although the winter-weather flight cancellations may slow the process. Meanwhile, the market is biding its time. The S&P 500 opened fractionally higher and hit its intraday high, up 0.19%, in the first fifteen minutes of trading. The index then rolled over to its intraday low, off 0.72%, around 11:30 AM. The index then struggled its the low but buckled in the last hour of trading to a closing loss of 0.48%, the third consecutive finish in the red....More...

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