I agree on taxes.
We are not in a 'blowoff' top, we are lower than in Sept.
Of course, back then, there was a chance Romney would get elected... post election, we fell 5%, then recovered part of that .... that 'recovery' might be fake.
The odds of a good fiscal deal are nil. We get a bad deal or no deal.
I dont see how the market goes higher under either case.