Optimism Building for Fiscal Cliff Deal
Financials and homebuilders led the market higher as optimism for a fiscal cliff deal builds. A second meeting between President Obama and Speaker Boehner as well as some new proposals helped to convince market players that a deal is in the works.
What is particularly odd about the market right now is that nothing else really matters than this fiscal cliff. Earnings, Europe and the economy are all secondary concerns of little consequence that we aren't even going to think about until this one issue is finally decided....156 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.