S&P 500 Snapshot: Down 1.94% for the Week, But the VIX Soars

From dshort.com - Advisor Perspectives
December 28, 2012 - 5:23pm

Dec 28, 2012 Doug Short  The S&P 500 fell at the open and churned through the day on predictable Cliff rumors. The one that seemed to have the biggest impact came late in the day: To wit, President Obama is not making any new offers on resolving the December 31st cliff dive. The index accelerated its selloff in the final thirty minutes of trading to close with a loss of 1.10% for the day. That puts us at -1.94% for the week and -0.94% for the month so far. We'll take a look at the VIX. But first, here is an hourly chart of the month of December, with one day to go.More...

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