Stocks rise as U.S. peers over edge of fiscal cliff

“We’re mere hours away from going off the so-called fiscal cliff, and by the market’s reaction this morning, you’d think it’s not as big a deal as most people think,” Travis Hoium writes for The Motley Fool. “As the day moved along, markets popped further on hope of a pending deal. Late in trading, the Dow Jones Industrial Average has gained 0.22% and the S&P 500 is up 0.61%.”

“One reason markets haven’t dropped today is the belief that a last-minute deal will get done, possibly in the next few hours. Congress and the White House have been working on a small deal that would avert some of the fiscal cliff, and when President Obama spoke at 1:30 ET, it sounded as if a deal was very close,” Hoium writes. “But there’s still no certainty that a deal will pass both houses of Congress, so there are a lot of questions outstanding. Investors will need to hold on tight if a deal isn’t reached by Wednesday, when markets open again.”

Read more in the full article here.


  1. Remember that you lost tea bags and you will eat it in 2014 too.

    Oh and there will be no Fiscal cliff disater so even if there ain’t no deal. bye bye kkks you are history the country hates you!

    1. In all my life, I have never seen greater proponents of hate and bigotry, of racism and identity politics as what passes for liberals now. I do not hate you. I fear you. YOU are the modern embodiment of the burning crosses and sheets in the night. You who think yourselves so enlightened are the most tyrannical bullies I have ever personally witnessed. You are mean, intolerant, spiteful, and horribly irrational. It is from you and your ilk that I discerned that irrational thinking is the true root of all evil in this world.

    1. The so-called “fiscal cliff” might actually be the only way to forge a path towards a balanced budget, since our Congressional representatives in the House and Senate have proven time and time again that they are unwilling to even entertain a vote on anything important or controversial. It is too easy to pass tax cuts and tax credits and too difficult to cut spending or make the necessary, but campaign killing adjustments to programs (e.g., cost of living formula, qualifying age, etc.). In other words, they live in a fantasy world in D.C. and are incapable of facing reality.

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