November 28, 2012 10:21 am
This fiscal cliffs scenario is weighing VERY heavily on larger stocks and commodities - let alone the penny stocks. Between now and Christmas (during tax loss season), we will be looking at very few short term trading scenarios. The risks are just far too high unless the news is exceptionally strong or the trading activity both strong and abnormal. Otherwise the risks of a pullback far outweight the upside potential in this environment.