Markets Are Going Nowhere Amid First Fiscal Cliff Drama

Capitol Hill at Night

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Markets tumbled in the US yesterday, as the first day of seemingly unplanned chaos poked its head into the Fiscal Cliff drama.The GOP is planning to vote on a ‘Plan B’ scheme, that would keep taxes low on everyone but millionaires, hoping to force Obama to sign a bill that would be sub-optimal for him.

It’s a ploy, but at this late stage, it made people a little nervous.

Today, markets are basically going nowhere.

US futures are flat. Italy is down a touch. Spain is up a touch. Germany is down a hair.

Japan had one of its first real down days in a while.