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Stocks Turn Lower on Fiscal Cliff Fears

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  • Description

    FBN's Nicole Petallides on stocks impacting the afternoon markets.

  • Duration 1:33
  • Date

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Top -- the hour -- -- fifteen minutes Nicole penalties on the floor New York Stock Exchange are stocks suddenly are lower.

On more cliff phobia.

-- my goodness I mean I've been saying in the Wall Street traders have been saying every headline.

Out of Washington moves this market and fiscal clip Colby is a good way to save fiscal clip blues and lows what every wanna call it.

We've seen so many dramatic moves in the market.

Particular companies making moves all in preparation -- all of worry about the fiscal -- so let's kick it off here see where we are right now.

You're talking about a -- that was jumping clear positive for the week.

We get all up -- right amid a great day on Wall Street after yesterday when John Boehner was sounding more optimistic.

And we continue that trend into the upside today.

However short time ago we saw mr.

Boehner talking any sound optimistic -- -- -- -- somewhat pessimistic.

And we don't see clarity and when you don't have bipartisan agreement then you see the markets completely do a reversal and that's what you see on -- Saturday chart here.

But the S&P 500 have clearly still holding up 14100 mark.

Is key psychological -- -- but.

It just shows you how -- and -- this market really is and we've seen so many of the companies right speeding up their dividend payouts in order to beat.

The taxes that are likely to go up next year so there's a lot of maneuvering going on back to -- it.

-- what you haven't -- market analyst quoting John Boehner you know that it's all about Washington.

Right right -- to the markets Nicole thank you very much.

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