I am so tired of the market moving to every single headline about the Cliff.
Of course, the two sides don't agree at this stage...that's the way a negotiation works. They are making wild claims of what they need and then will compromise their way to a solution.
So let's do ourselves a favor and look beyond the political theatrics. That being a focus on what you expect for the stock market in 2013. And perhaps switching our attention to that matter will tell you whether to be more long or short stocks at this time.
Just a few facts to help you out. The S&P is currently at 1414. And has been as high as 1474 this year. And the all time high is 1565.
Now sharpen your pencils and tell me:
1) What price the S&P 500 will be at as of the close on 12/31/2013?
2) Why do you think that is the case???
I will share my prediction after the conversation gets going.
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