Even if that were true which I don't admit, there is NO HOPE OF A DEAL. We are going over the cliff and into a very, VERY violent recession and stocks are only down 4 or 5% from their highs. They will be 35% or more down.
I have looked carefully at it, and the odds of a deal are actually very high.
It's all political theatre. Obama as usual is a big stumbling block and Reid has done nothing.
But GOP leaders are giving up on 'big deal' dreams and a suitable small deal is possible,
so long as most taxpayers (up to $600k or so) are protected.
Nothing is for certain, but a deal is likely soon. Whether news on it hits before 8am monday... dunno ...
Chance of recession in 2013 is v slim given the leading indicators. Obama's tax hikes hurt long term growth but wont put us into recession.