Fiscal cliff is worse now, delayed revenue gains from no tax increases, and spending stays the same. This will probably effect the markets twice as bad when the debt ceiling and a downgrade in bonds happens. All this does is allow us to buy another round of hedge puts cheaper in a few days/weeks.
why do you care? ASIA and Europe are both way up. US will open way up and we will see AAPL around $560 tomorrow.... heck even if it ONLY got to $545 tomorrow (which it will be higher than) it is a heck of a move the past 2 days and one that burried any shorts and totally turned the chart around. $600 by end of next week is my call.