Fiscal Cliff Worries Year-End Markets

Before you go, we thought you'd like these...
Before you go close icon

NYSE-flagOnly a few days remain for the U.S. markets to sell off because of fiscal cliff worries. There are actually just two. Volume will be light because so many traders have gone on vacation. Sometimes, thin volume magnifies fluctuations. The markets are in for a wild ride.

The S&P 500 has traded down most of the past five days, with a recovery at the end of the period. Rumors of détente between the White House and congressional Republicans encouraged traders, but the chance for cooperation yesterday turned out not to be true. The president will meet with congressional leaders today. If the meeting ends without a hint of a solution, markets will sell down at a torrid pace.

Those investors who have taken time off will be left to do their selling on January 3, when the rush to ditch the markets could increase with the volume created by the rested and tanned crowd.

Douglas A. McIntyre


Filed under: 24/7 Wall St. Wire, Index, Politics
Read Full Story

Markets

S&P 500 2,387.45 -1.16 -0.05%
DJIA 20,975.09 -21.03 -0.10%
NASDAQ 6,025.23 -0.27 0.00%
DAX 12,444.03 -28.77 -0.23%
NIKKEI 225 19,251.87 -37.56 -0.19%
HANG SENG 24,698.48 120.05 0.49%
USD (per EUR) 1.09 0.00 -0.08%
USD (per CHF) 0.99 0.00 0.01%
JPY (per USD) 111.34 0.15 0.14%
GBP (per USD) 1.29 0.01 0.42%

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners

Man Is Horrified To Learn His Biological Father's Identity - But A Look In The Mirror Man Is Horrified To Learn His Biological Father's Identity - But A Look In The Mirror
Nature Gets Revenge On Safari Hunter Who Killed Elephants And Lions For Sport Nature Gets Revenge On Safari Hunter Who Killed Elephants And Lions For Sport
12 Facts That Will Make You Smarter Than Your Friends 12 Facts That Will Make You Smarter Than Your Friends