The Christmas gauntlet is officially underway as of early this morning on the back of more troubles surrounding the ‘fiscal cliff’ talks in the States. On the heels of the a Republican revolt from his own party members, John Boehner’s proposed mandate was taken off of the table. Asian bourses have quickly reacted and began to trade negative and the Dow Index futures have put in an abrupt fall. After trading upwards in the States yesterday, upon opening later today the American markets will certainly be in for wild ride through the doubts and fears of investors who had been led to believe this day would be averted. It should be kept in perspective it is not the Mayan apocalypse and that time does remain to come up with a budget agreement in Washington, but politicians have certainly given the broad markets on one of the last days before Christmas one golden headache.
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