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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (42328)	12/21/2012 2:12:54 PM
From: penthouse mike	Read Replies (2) \| Respond to of 222049

A 1428 close would be nice. I still think that Congress will make a deal over the weekend to keep the middle class from getting tax hikes, so Monday could be up.

To: GROUND ZERO™ who wrote (42328)	12/21/2012 2:42:00 PM
From: Keith Feral	1 Recommendation Read Replies (1) \| Respond to of 222049

Today isn't such a bad day. Oil prices back towards $88, dollar finally finding some support and 10 year yields are back to 1.75%. Anyone looking to buy some stocks while there is blood on the streets can do so again with the VIX climbing back towards $20 today, even though it's already backed off. The solution to the fiscal cliff is already in place, which is higher taxes and lower spending. That is a guarantee, but a gentler solution is all the market is hoping for at this point. I think Obama's $1.2 trillion counter offer that raises taxes on people making $400K or more will pass the Senate with no problems. A vote along party lines in the House will be tougher, but I think enough GOP will cross the line to pass his bill. One thing is also certain, people are running out of days to take capital gains for 2012. A dip like today is a gift for everyone to repurchase their positions back for next year.