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-- soaring now this time around the -- is barely budged and -- on the verge of the fiscal cliff.
How -- it hasn't butts do you think the market or at least as the market think there's going to be a deal.
Dancing message saint TJ and institutional services short -- and he joins us now.
From the -- to the CME why do you think traders investors believe -- guano.
Well I think you -- this chicken little scenario.
Newest -- the sky is falling all these times and every time before crisis materialize they came up with something.
Well this time I think it's really different I'm a little bit fearful the market isn't right now we're still flat on the day.
You look at the principles and -- John Boehner and President Obama Timothy Geithner.
These guys don't sound like they're getting together anytime soon and that frightens me a lot -- personally you think we will go over the cliff don't ship.
I think it's very close to -- it I don't know what twelve hour agreement they can come up with to -- and I hope they do.
But if they don't I don't see any advantage of being any longer than you might be right now it is -- along I protect my position I -- and I have a double short.
Basically double short position to protect me on the way down should the market start -- and I might lose a bit but -- protected I know where I'm limited to.
So what kind of behind the scenes things should -- -- be looking for other than the statements from -- -- from Obama.
-- that we do have a DL and that you you can unwind those hedges that you've got.
You know that's really hard to say I want to hear what I'd like to hear.
Is less solid cleaner less -- -- Obama in here that they're talking together fight here of course bit there's called and made the representative Boehner come and speak with Obama in the White House that they're gonna try to get something done.
Then I'm gonna start thinking about -- now.
Nothing until then.
-- what about the people who say if we go over the cliff it's really not that bad we still have maybe a month or two for congress to.
Retro actively think some of these problems once you get caught in that kinda scenario.
Well you know -- Going into this week over the cliff it's the -- bad is gonna be really bad for the market and let's assume I mean ultimately it will work its way out.
With do you wanna be working from behind the eight ball no you wanted to have at least.
We don't we're not solved in this clip before the end of the year but -- we can say is we have come together what we have a framework.
We're we're here there there but we're going to meet somewhere in the middle.
So I don't wanna work from behind the curve doing this thing -- I think that'll be bad for the market if they do what about investors who might be cash rich right now waiting on the sidelines whether they jump in if we go over the cliff how long do you think till things bottom out.
On the waited out you'll know it'll take.
You know the first three days it's going to be a massive flush that debt point start looking -- getting some positions.
Look for quality companies to the reality is our economy is doing better things are going to growth -- hopefully Washington won't screw this up -- close to doing it.
But if you look at these solid companies that are off the right now.
Those are the ones shabbat right dance that's -- thank you very much from the floor of the CM he had great dates are happy to be here.
And IBM's reining in its 41 K match for its employees we're gonna show that means the company yet but maybe more probably if you whether other companies are gonna policy of.
And the home of the US auto industry shifting to a right to work stay Michigan's blow -- organized labor next and take good luck.
-- -- -- dollars faring today.
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