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‘Twas the week before Christmas, when all through the markets stocks were all volatile, even the financials;
Risk was managed with care,
In hopes the Santa rally soon would be there;
The traders were cautious all small in their trades,
While visions of a crash danced in their heads;
Obama and congress trying to make a deal, and me strangling the trend,
I had just settled down to stay on the sidelines mostly until the end of the year,
When out on the blue there arose such a clatter,
I sprang from my trading desk to see what was the matter.
Away to my trading platform I flew like a flash,
Opened the the real time news window and threw up the cash.
The Congress and the White-house on the day of the new-fallen gloom
Gave a bluster of excuses for no deal and the fiscal cliff approaching with our doom ,
When, what to my wondering eyes should appear,
But a Republican rejection, and the increase of fear,
With 24/7 press giving coverage and taxes on track to grow thick,
I knew in a moment the solution again will be late as politicians continued to pick,
More rapid than eagles rejections came,
And the public whistled, and shouted, and called them by name;
“Now,Boehner! now, Pelosi! now, Reid and Congress!
Come on, Senate! come on House! come on Obama!, and Biden !
To the top of the lenders! to the top of the worry wall!
Now resolve away! borrow away! tax away all!”
So increasing the fear and uncertainty they flew,
With the White House rejections, and the Republicans now too.
And then, in a twinkling, I saw on the chart,
The price weakness and down trend was to start.
As I drew in my head, and was turning around,
Down prices went with a bound.
He was dressed all in a suit, from his head to his foot,
And his clothes were all tarnished with ashes and soot;
A bundle of excuses he had flung on his back,
And he looked like a peddler just opening his pack.
His eyes — how they twinkled! his dimples how merry!
His cheeks were like roses, his nose like a cherry!
His droll little mouth was drawn up like a bow,
And the hair of his head was growing as white as the snow;
The excuses and class warfare he held tight in his teeth,
But his halo it encircled his head like a wreath;
He had a serious face and loved being on telly,
His spending shook the U.S. credit rating like a bowlful of jelly.
He was smooth and slick, and full of himself,
And I laughed when I saw him talk socialism, in spite of myself;
A wink of his eye and a twist of his head,
Soon gave me to know I was not suppose to dread;
He spoke many a word, but never really got straight to his work,
And filled all the investors stockings with coal; what a jerk,
And laying his finger aside of his nose,
And giving a nod, after re-election he rose;
He sprang to his office, to his team gave a whistle,
And away they all flew to their holiday vacations even after the deal quickly fizzled.
But I heard him exclaim, ere he flew out of sight,
“Good luck to all traders and investors alike, and to all a good-night, the fiscal cliff draws near and the negotiations have really not even begun, to the bears delight and the bulls great fright.”
Merry Christmas to all my readers and trading friends 🙂 I hope you all have some great quality time with your families and realize why we strive to do what we do in the markets.