Dancing at the Edge of the Fiscal Cliff
All it took was a few declarations of optimism about a fiscal-cliff deal by political leaders to bring in the buyers. Market players are obviously hopeful that a deal will be done, and they are worried they will miss a big relief rally if they aren't in already.
We also had the Fed's mouthpiece at the Wall Street Journal post an article late in the day that Operation Twist will likely be extended. The market loves quantitative easing, and this helped keep the intraday rally going....155 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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