GOP sees slight hope for cliff deal but leaders cautious, NY Times reports Republicans said there was a bit of hope that a deal could be reached to avert at least some effects of the fiscal cliff, but both parties' leaders believe that time for a deal is running out, according to the New York Times. Members of Congress said that last minute activity by lawmakers may have been spurred more by the need to avoid blame for a deadlock than an earnest desire to reach a deal before the New Year, the newspaper added. [Reference Link]:[http://www.nytimes.com/2012/12/28/us/politics/senate-leader-fears-not-enough-time-for-fiscal-deal.html?_r=0
Vanguard REIT ETF volatility at upper end of three-year range Vanguard REIT ETF overall option implied volatility of 18 compares to its 26-week average of 15 according to Track Data, suggesting large near term price movement.
SPDR S&P Oil and Gas Exploration and Production ETF volatility flat SPDR S&P Oil and Gas Exploration and Production ETF overall option implied volatility of 39 compares to its 26-week average of 38 according to Track Data, suggesting non-directional price movement as WIT oil is at a six-year low.