"Fiscal cliff" talk doesn't overly concern investors, Reuters reports

theflyonthewall.com

With talk of the U.S. economy going over the "fiscal cliff," investors' collective shrug marks a stark change from how they had behaved in the two weeks after the presidential election, when the coming budget crisis caused wild swings in stock prices. The S&P 500 index has nearly retraced the 5.3% slide it suffered in the first seven sessions after the vote. Some of the rebound reflects market confidence that a short-term deal will be reached, or that investors realize they are looking at a gentle slope instead, reports Reuters.

View Comments