Obama is dragging out the negotiation hoping for a last minute deal in which he wins. He thinks Repubs will break and he will get his taxes with no spending cuts.
Speedy thinks not. Obama's negot strategy is not sophisticated and everyone can see it for what it is.
It is time for Boehner to ratchet up the rhetoric and start criticising Obama more directly. He needs to send out his shock troops to the talk shows to point out how Obama is getting ready to sckrew the middle class.
Speedy is positioned for the cliff with 50% cash or equivalents including metals. Expect big market meltdown. All Speedy's stocks are sitting on gains, losers having been sold to provide tax relief this year.
Buy back to include only stocks with no dividend policy (growth orientation) and this could be biotech ETF.
Dividend payers will get hit very hard during the meltdown and this means BMY.
Overall stratgegy is tax avoidance all the time, buy back growth stocks on other side of cliff.