Guest Post: The Definition Of Insanity

Via Lance Roberts of StreetTalk Live, By now there is likely not a single individual who is not aware of the impending "fiscal cliff" and the economic impact that it represents.  (For a thorough discussing of the taxes involved you can find a complete listing here.)  Then there is the debt ceiling issue.  Both of these issues will be topics of hot debate in the coming days ahead with implications to the stock market in the short term that could be potentially damaging as investors scramble avoid a hike in tax rates. Obama, and the Democratic controlled Senate, have already lined up on raising taxes on the "rich" while the Republican controlled House has firmly asserted that they are amenable to closing tax loopholes in conjunction with spending cuts.  The two sides could not currently be farther apart from reaching a deal - yet, as Yoda would say: "Reach a ...