Maybe Washington DC isn't as daft as is commonly assumed. For seemingly the first time in this already endless debate, House Speaker John Boehner and President Obama are actually talking numbers and compromise. As of this morning there's even a so-called "back-up plan" if a full deal does not happen.
Granted, the two sides are still miles apart and the peanut gallery is still in full throat, but the mere hint of a budging from the leadership on both sides is a marked improvement over what has been seen thus far.
Jeff Kilburg, founder & CEO of KKM Financial, is optimistic. "I think we have a deal," Kilburg says in the attached video. "We'll see if we can hash it out, but I'm really positive and I think the market reflects it."
Kilburg cites the significant rally in the S&P 500 since the November lows as evidence of growing optimism. While words like "optimistic" and "confident" are relative, Kilburg's targets are not. He's looking for another 5% to 10% rally to drag stocks well past multi-year highs made in mid-September.Read More »from How to Trade a Fiscal Cliff Deal