Last week we witnessed, how this Fiscal Cliff deal uncertainty is driving markets crazy. Earlier this month, market was climbing higher in anticipation of a deal and in few days it gave up some gains. The key question still remains, Will we get a deal!!!
All hopes market had regarding the deal remained as dreams and so far NO DEAL is agreed upon. Both political parties continues to exhibit grid-lock. Without a deal, market will decline swiftly as uncertainty grows. When will we get a DEAL?
Market is overly optimistic about the Fiscal Cliff Deal being done before end of the year. However, Investors are cautious and hence market is climbing slow n steady on low volume. BUT how far can this continue!!!
Although market appears to be improving day by day, it is climbing in anticipation of a deal before end of 2012. We still have three more weeks to go, however if a deal is NOT done by Christmas, expect swift decline as everyone would like to avoid higher taxes on capital gains. It would be wise to remain cautious...
In last two weeks, Market bounced hard from oversold conditions but can it continue the rally!!! Market is reacting to every word coming out of Washington DC and it seems like both parties are back in deadlock over the weekend regarding Fiscal Cliff. No deal in sight so far hence expect more volatility ahead...
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