As usual am very short term and got out of my long in sds earlier today at a small gain, trying to get back in afterhours or tomorrow early.
When everyone knows something is going to happen, like strength in the end of the year-start of new year, and when the fiscal cliff is resolved stocks will rally, then it will not happen.
In oct 2008, congress refused to pass the bush bank bailout, and the market fell heavily. they then passed it, market rallied almost back to where it was before they did not pass it, and then totally collapsed.
Its the economy stupid, and that will eventually bring down stocks. buy sds below 53 and you will make money.