• Are You Bearish Enough? All Hedgeye Products → Up To 65% Off

    Don’t panic. Get your portfolio proactively prepared. This is a limited-time offer to the sharpest investing research money can buy.

Pelosi is on the tape here effectively pushing out expectations on the Obamerica jobs package to mid-February. She doesn't understand markets and how they move, never mind the impact of expected duration surprises on those of us proactively managing this market’s risk.

Look for any Congressional changes in rhetoric that push out expected Obama inauguration announcements (positive catalysts) to have a dampening effect on the stock market. Everything has a time and a price. We must respect that this market’s “re-flation” has moved too far, too fast.
KM