[quote=kev374]they say the tax extensions has alienated some democrats, now will this pass the house as well? I am thinking it seems just uncertain at this point which way it will come out of the house. Have representatives recieved more complaints from their constituents since last week?
Senate approval of course was expected and is nothing surprising.
Of course it is a coincidence that this vote is passing on Fri to hope the markets “cool off” over the weekend if the results are negative, but I think if there is a negative house vote expect a 1000pt drop on the DOW or even more if we are to expect the kind of reaction that followed the initial defeat.[/quote]
At least. That’s why the Thurs futures are trading down, there’s just too much risk concentrated in that Friday vote. I expect a selloff tomorrow, followed by maybe a mild selloff into the vote, then a truly violent reaction in either direction depending on the outcome of the vote.
