HOPE AND CHANGE: Obama’s petulance sank stocks.

Stocks were euphorically higher most of today, thanks to the unexpectedly broad tax deal the administration hammered out with the Republicans. But during his press conference, Obama’s clear anger and call to unwind the deal in 2 years opened a trap door under prices, sending them to a negative finish. We had hope, and then it changed.

I missed the Obama’s press conference, but I do note the market change. The press conference scheduled for 2:20 pm ET; the market fell sharply by 3 pm.