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Author: notehound Big gold star, 5000 posts Top Recommended Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 465243  
Subject: Fiscal Cliff Averted by 12-26-2012 Date: 12/7/2012 4:13 PM
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I am firmly convinced that the Politicritters in Washington, D.C. will reach a deal on the Fiscal Cliff negotiations by December 26, 2012.

Why?

Because a bunch of those rascals have outsize equity portfolios and they know that "a deal" - any deal, not necessarily a "grand bargain" but just any kind of deal - is good for about a 200 point pop on the Dow.

The same critters are pretty sure that taxes on capital gains are going to be higher next year. Thus, they all will want to "sell on the news" that a deal has been reached.

Politicians will be taking profits hand-over-fist before December 31, and the best way to clench those profits is to reach a deal on a business day when their brokers are working and the markets are open as the Dow surges ahead on the news.

That's my thinking anyway.

;-)
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