Bring on the Fiscal Cliff
Instead of a countdown to New Year's Day, we now have a countdown on CNBC giving the days, hours, and minutes until the U.S. goes over the so-called fiscal cliff. News sources report that the White House and Congress are deadlocked. I say bring on the fiscal cliff.
Now, I don't advocate for widespread tax increases nor do I wish to see some people losing benefits. However, if Congress is going to continue playing a game of chicken, then by all means let's get to Dec. 31, so we can all take the plunge together. Indeed, my sentiment reflects what Adam Smith affectionately referred to as self-interest. I won't sell any stock out of fear of the fiscal cliff; I only sell when my price target is met, the underlying business suffers a permanent weakening in earnings power, or I discover I've made an error in analysis....489 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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