Those DC guys know they can posture and threaten to fall off the cliff for another 7 weeks to try to get some concessions from the other side. The VIX will probably trade in a 17-22 range, before they finally reach a deal between Christmas and New Years.
you're kidding right? C'mon, you aren't that naive are you? Do you honestly think that the fiscal cliff will get settled before XMAS? If you do, you are a fool and you should get out of the market immediately. Wow..... a real live sheeperson!