Off the Charts

The market tacked on another day of gains, holding up well after opening higher this morning. The Nasdaq led the way, gaining 0.68%, while the S&P 500 (SPY) closed 0.43% higher.

Today is the first time we have seen the market take negative fiscal cliff talks in stride. House Speaker John Boehner made comments that he has seen no concrete progress in fiscal cliff talks after his meeting with Treasury Secretary Timothy Geithner, but the market appeared unconcerned. Since the presidential election we have seen the market show sensitivity to pessimistic comments regarding the fiscal cliff and the fact that we are starting to shrug off the headlines can be seen as a positive for the bulls....668 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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