Going Short on the President
President Obama will speak at noon about the fiscal cliff's impact on the middle class. I expect another attempt to browbeat Republicans into an agreement without offering any new concessions. I don't expect that to be market friendly, so I am adding ProShares UltraShort S&P 500 (SDS) as a trade into the news.
Frankly, I'd rather be trading individual stocks, but there isn't much life in the market right now. Traders are handcuffed by the fiscal-cliff debate and there are few pockets of momentum. Breadth is slightly positive, but sectors aren't doing anything of interest....76 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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