A Promising Sign to Avoiding the Fiscal Cliff

[naive]

Good to see both sides working together...

http://finance.yahoo.com/news/hill-l...3Rpb25z;_ylv=3

[naive]

The markets are in positive terroritory for the day because of this news...

A very good sign..

[dsummoner]

Let me be the one to **** in the punch.

And there you have it from the horse's mouth: absolutely nothing of actual substance in today's presser which was completely hollow of anything remotely resembling an actual compromise, but merely the same type of Euro-propaganda we have grown to loath and despise for the past 3 years, where a flashing red headline was supposed to generate a short squeeze. It succeeded.

There is one open question: did Nancy Pelosi's multi-millionaire investor husband Paul Pelosi know ahead of time what the announcement would say, and did he buy any securities in hopes of a "short run" gain?

[naive]

Let me be the one to **** in the punch.

The ONLY reason the markets are up today are on the news that the 2 parties are working on a compromise...

[dsummoner]

The ONLY reason the markets are up today are on the news that the 2 parties are working on a compromise...

The algos went nuts on the usual political sweet nothings.

[naive]

The algos went nuts on the usual political sweet nothings.

As an investor and losing a green-back or 2 the last week and a half, I'll take it!!!

[dsummoner]

As an investor and losing a green-back or 2 the last week and a half, I'll take it!!!

The markets are going to be gyrating on any 'news' as it relates to this issue.

[naive]

Market up big again today...+160 or so....Housing numbers were great and it looks like a deal to end the fiscal cliff will be done by Christmas...

Good stuff...

[CajunRaven]

The market was down about 1000 over the last month or so.

Does this deal address the real spending problems? If not, well, the boot has another scuff from contact with the can, which gets bigger everyday.

[CajunRaven]

From the article:

"We understand our responsibility," said Pelosi, D-Calif. "I feel confident that a solution may be in sight."

I'm certainly feeling better now.

[RIKMAN]

I think something will get done. Probably more of a short term fix, Obama doesn't give on spending but willing to extend some Bush tax cuts, repubs don't give on higher taxes but willing to cut discretionary programs in the name of compromise.

Of course, nothing actually gets done until Dec 31st as each side milks whatever they can politically from this mess.

[Marshan Man]

From the article:



I'm certainly feeling better now.

Well aren't you just a positive ray of sunshine...