Dancing on Fiscal-Cliff Rhetoric
Once again the indices danced around on comments from politicians about the fiscal cliff, but each time we've seen less and less of a reaction as market players come to realize it is all meaningless posturing. The market is optimistic that a deal will eventually be done, and it is smart enough to realize that the interim comments aren't indicative of the actual progress.
Nonetheless, there is little else driving the market right now, so we are going to see reactions to any and all news about the fiscal cliff. At this point it's probably best to not overreact, but it sure can mess up a trade if you are caught by the wrong news at the wrong time....126 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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