Stocks are currently on course to making new highs thanks to the Cliff 1 deal being in hand. Plus this earnings season is already in the bag.
(How can I say that with virtually no reports in? I've been around enough earnings seasons to know that with a lack of negative pre-announcements, then there is nothing to fear here).
However, the celebration won't last long because here comes the Fiscal Cliff 2 debates. This being focused on government cost cutting and a looming repeat of the debt ceiling.
There are some analysts predicting that this will be a bigger brouhaha than the first time around. And if so, then quite possibly all that commotion in the news will put a chill into the markets.
Normally we like to give options for you to choose from. However, there are too many permutations this time around to list them. So in your comments below, please give a sense of:
1) Will stocks go higher, lower or stay neutral during Cliff 2 debates?
2) Will our politicians find some meaningful spending solutions? Or just more kicking the can down the road?
3) Will stocks rise or fall after Round 2 is concluded?
Let's here what you gotta say.
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