{+++} Well, as you may know by now, John Boehner didn’t get enough votes from the Republican side to implement his Plan B.
As a result, futures are getting murdered, at one point, the S&P futures were limit down, sort of an overnight flash crash. Dow futures got down -300 at one point.
Anyway, lets get in early and try to attack this together. We have all seen this movie before, an initial overreaction then maybe a big rally. I have no idea how this one will play out, but my guess is there will be some opportunities.
The algorithms are doing there thing now, so let them have there way until this gets processed and disseminated properly.
See you in the morning.
Joe