Market is pricing in the already known failure of tomorrows vote on the GOP cliff proposal. Volumes and volitility may be higher than normal in the coming days due to cliff theatre. We all have front row seats to the show where the finale will most likely be a solution and pop to the upside. When this thing hits near term bottom I'll be loading the boat long and quick to exit the building when the blow off top comes in the form of a cliff solution.
everyone is predicting good times ahead for equities. rah rah atmosphere, doesnt jive with reality of poor earnings cycle.