Stock-Market-Observations

12/31/12 – Told You So

December 31, 2012 3:38 PM

MARKET MESSAGES

12/31/12

HAPPY NEW YEAR TO ALL ????

NO TAX VOTE IN HOUSE TONIGHT; US POISED TO GO OVER FISCAL CLIFF

Our politicians are so predictable. The democrats can say the republicans are irresponsible and the republicans can save the day by not raising taxes. Each party has their talking point.

For those who are reading this blog outside the USA, don’t forget that the goofy people are in the House. We have a higher quality of goofy in the Senate. But they’re the best we can find.

OK . . . now what’s the rush for an agreement after tonight? Each party is going to want their package and only their package. They might want to wage a protracted war, but the public might have something to say about that.

It just seems likely that we’ll have an agreement soon after tonight. If not, I would be surprised, but DC surprises me all the time.