Wall St: Fiscal Cliff Innocence Lost?


Mutiny on the Congressional Bounty could make for the beginnings of a volatile end of the year for Wall Street. Republicans failed to fall in line under House Leader John Boehner's plan to raise taxes only on Americans with a $1 million or more paycheck, hitting the stock market in the gut. The selling actually started the night before with such an intensity that S&P equity futures had a mini-flash crash. Patience is running out, warns Peter Kenny of Knight Capital.