'Now' vs.'Not Now' in Washington

One of my favorite adages is that there are two speeds in Washington: "now" and "not now." Correctly discerning which applies to immigration reform, the farm bill, the internet sales tax legislation, Fannie-Freddie reform and a notional budget deal could be a worthy alpha project. This is particularly true for investors now wary of Fed tapering and otherwise biding time as markets ponder a more meaningful correction.

 The view at my firm holds that the farm bill (at 60% odds) probably has the best chance of any of these measures or efforts, while government-sponsored enterprise reform (at 20% tops for this Congress) has the least....729 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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