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Transcripts For FBC Countdown To The Closing Bell 20121227

Ashley stocks have turned on a dime. Breadth is improving rapidly. What an interesting day. At one point all dow 30 components are in the red. Buyers stepped in the last 20 minutes or so. 26 of the 30 still in the red. Good afternoon, everybody. Im ashley webster. It is the last hour of trading and the countdown to the closing bell beginning right now. Stocks are down in a fourth day in a row but well off the lows. The dow off 62 points of the trying to make a comeback. We got word members of the house are reconvening sunday night at 6 30 p. M. , boostings opt that deal gets done by yearend the dow up, well, down half a percent but certainly up from the lows. S p down half a percent. Same story on nasdaq. Russell 2000 down. 8 of a percent. Harry reids comments setting the tone early. When he spoke the markets tanked. The Senate Majority leader said nothing is happening in budget talks and looks like the u. S. Is heading for the socalled fiscal cliff. He compared it to the ball dropping

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