Who is in charge?

Bloomberg --U.S. stock-index futures tumbled after House Republican leaders canceled a planned vote on Speaker John Boehner’s plan to raise rates for taxpayers making more than $1 million, as time runs down in budget talks.

Standard & Poor’s 500 Index (SPX) futures sank 1.6 percent to 1,418 as of 12:24 p.m. in Tokyo, after slumping as much as 3.4 percent today. The benchmark for U.S. equity closed at 1,443.69 yesterday. The gauge has risen 15 percent this year, poised for its biggest annual gain since 2009.

George Dagnino, PhD Editor,
The Peter Dag Portfolio.
Since 1977
2009 Market Timer of the Year by Timer Digest
Portfolio manager

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