I predicted this from get go. No side is going to give in. We will go over cliff and tank eventually. Thats what Obama wants anyway. Until then it will be up and down with Demos making stupid comments like Reid just did. Had Romney been elected none of this would be happening. No rally this year.
Negotiotating in progress... Both sides gotta put up big front, in beginning... -------------
Boemmer is key; when he decides he wants to be re-elected he will allow tax rise. when deal is done, markets rally, big time....
that means market sees that as uncertainty. It also means we will tank more until the fiscal cliff is fixed.
Government spends trillions on iraq and afghanistan and we have to pay more in taxes. They go shopping for the slickest airplanes and the markets are held hostages when its time to pay the bill.
FYI #$%$ - in 1960 at the height of the cold war our military budget was 40% of GDP - yes that's right 40% - and the USA ran a surplus budget!!!. The military is NOT the cause of our deficits , jerk. it is the massive irresponsible spending by this cursed president and his democratic allies who bought the votes of ignoramus's like you. There should be an IQ test on everyone to be sure they have at least an 90 IQ to qualify to cast a reasoned vote- unlike that Cretin Reid who runs the senate. This country would be so much better off without the democratic socialists that have taken over. They have become a curse on this country !!
gotta still deal with market trading today... S&P 500 holding right at the important #...
VIX climbing... need to slow that train down... financials are at the line-in-the-sand
fiscal cliff will get resolved... or they will be out of a job... government shuts down... there will be a meeting of the minds and most likely in the middle... and the problem is the middle class will get taxed too along with the upper class... and none of it will help pay down the debt... it will be thrown out money once again