Rolling Fiscal Cliffs Ahead
They say that when something sounds too good to be true, it probably is. The financial markets seem to think that the U.S. government has moved beyond the stress and woe of December's confrontation over the fiscal cliff.
The S&P 500 and the Dow Industrials have moved past the levels of 1500 and 14,000, respectively. They remain just short of the all-time highs of 1565 and 14,164 that they achieved on Oct. 9, 2007, but investor psychology is positive. Both indices seem poised to move into record territory. It's a bullish start for the year that should point to a strong year overall. But does it?...360 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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