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...

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NoTTD's picture

"Except for the bankruptcy fees - which I appreciate you paying yourself."

D-liverSil-ver's picture

So, why did he come back from Hawaii? I thought it was to play "Deal or no Deal". Now he doesn't even want to play the game??

Go the fuck back to Hawaii and never come back you arrogant asshole.

SmoothCoolSmoke's picture

I think Obama wants teh Cliff because it is the only way to cut the Defense budget.  The T-Pubs wouldl give the Pentagon more $$$ no matter how broke we are.

NoTTD's picture

Winter is coming so Burn, Baby, Burn!!!!

FreedomCostsaBuck-o-Five's picture

Let me be clear, so we make no mistake- ordinary folks - are going through the worst economy since the Great Depression. We need fiscal responsibility. I inherited this problem.

- just thought I'd steal a few sound bites Oblower's handlers are loading onto his TelePrompTer right now.

blunderdog's picture

It's worse--significantly worse.  Saying "the worst economy SINCE the Great Depression" implies that the Great Depression was more serious than this one, and it wasn't.

Not by a long shot.

MyBrothersKeeper's picture

800 B in new revenue?  "I get that for free...you get nothing".  We need to add that to Obama's great leadership moments in history

PoliticalRefugeefromCalif.'s picture

Once again the only one not at the negotiation table is Reason ..

.."every decent man is ashamed of the government he lives under"- HLM.

stinkhammer's picture

I'm going to be sick

haskelslocal's picture

I hate these poltical articles. As if shoring up a countries fiscal responsiblitiies is a fucking cliff to begin with. Yeah, just label the the drop "Obama Falls". Fuck you.

Wife and husband spend $1000 per month but bring in $100. W&H decide to cut back. Is $500 enough? Is it a fucking cliff if they reduce their debt to 4x income? Fuck you and the fucking idiot who coined Fiscal Fucking Cliff.

cosmyccowboy's picture

i moved out of the market and into silver in 08!!!