Obama: "My Offer Is Nothing" - Stocks Plunge

Tyler Durden's picture

 

Looks like today everyone in Congress was short. Here's why:

  • OBAMA SAID NOT TO MAKE NEW OFFER IN FISCAL CLIFF TALKS
  • OBAMA OFFER DETAILED BY SOURCE FAMILIAR WITH WHITE HOUSE MTG
  • OBAMA SAID REITERATING PROPOSAL FROM LAST WEEK ON FISCAL CLIFF
  • OBAMA PLAN INCLUDES RAISING TAXES ON EARNERS OF $250,000 AND UP, EXT OF UNEMPLOYMENT INSURANCE, ADDRESSES OTHER OUTSTANDING ISSUES-SOURCE

So much for a deal, and so much for the invisible DJIA support at 13,000.

 

 

and AAPL from its Wednesday's VWAP to yesterday's VWAP... still trading? still think the professionals aren't dumping technically into every rip?

Or, as Al Pacino would summarize it...