The Fiscal Cliff and the Wall of Worry
Investors who were watching Washington this week can be forgiven for reacting negatively to the LIBOR scandal or to Hill Democrats' saber-rattling over the fiscal cliff, or for having jitters about whether President Obama might seek to pre-empt the release of chemical weapons amid the unraveling of Assad's control in Syria.
But they haven't reacted to worst-case fears over the euro debt crisis and another U.S. recession. While I'm an optimist that such "muddle through" devotion will ultimately be rewarded, such tolerance could be deeply tested over the next six months....765 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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