Painfully Slow Action
The good news today is that the lack of progress on a fiscal-cliff agreement didn't hurt the market. The bad news is that nothing else happened, either. It was an extremely slow day. Market players did little and stocks drifted around the flat line most of the day. It is obvious that the fiscal cliff issue is pushing many folks to the sidelines and it is making for painfully slow action.
I don't have to tell you that the focus all week has been on the fiscal cliff. But the market seems to be more accepting of the fact that the political process has to be played out and isn't reacting as much to each new event. It barely moved today as President Obama and Speaker Boehner made comments....226 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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