The end of 2012 and the fiscal cliff deadline are both fast approaching.
Politicians in Washington are still slow dancing while stocks do the fiscal-cliff cha-cha. Unfortunately, the song is almost over. It could turn into a game of musical chairs.
The volatility in the market today was totally driven by fiscal cliff headlines. Equities could see similar volatility tomorrow. We are not adding any new trades tonight. Let's hope some sort of deal gets done this weekend.