Respect the Fiscal Cliff
While many factors suggest that a short-term deal to avoid the fiscal cliff will emerge, investors should remain cautious until Christmas. It's an unwelcome message, and may seem bogus if you're confident that a lapse of the Bush tax cuts or across-the-board spending cuts will be temporary, perhaps followed by a rally worthy deal.
Meanwhile, what about the Bernanke put? Shouldn't the message be, "Don't stray, the Washington sideshow will be brief"? "Hold your fire," sounds more like it....706 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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