Which Way Wednesday - Cliffmas Is Upon Us
December 26, 2012 - 5:04pm
Which Way Wednesday - Cliffmas Is Upon Us By Phil of Phil's Stock World Merry Cliffmas! That's all the MSM is talking about but the markets are, so far, drifting along in the upper end of the year's range into this potential "fiscal disaster." Perhaps the catastrophe is already priced in or perhaps it simply won't be a big deal to go back to pre-2000 tax rates and to force some spending cuts. If falling off the cliff is priced in, a "solution" might rally the markets. On the other hand, fixing the Fiscal Cliff may weaken our markets as it puts the US on the continued path to endless debt through printing money. Of course Japan has continued down the path of endless debt through printing money and its markets have been on fire this week. With the re-election of Helicopter Abe, who has vowed to weaken the yen by printing them by the Trillions, the Nikkei has jumped ...
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