Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Keith Feral who wrote (42897)	12/31/2012 3:23:12 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 222656

Wow, that was some nice shake out this past week!!! Time for the rally and the January effect to kick in right on schedule!!! My model got me short in time for the sell off last Thursday, and now a new buy signal is sitting just above the market, this market will not rally without me on board!!! GZ

To: Keith Feral who wrote (42897)	12/31/2012 3:41:38 PM
From: Brian Sullivan	Respond to of 222656

McConnell: Agreement struck on tax portion of fiscal-cliff negotiations thehill.com By Alexander Bolton - 12/31/12 03:00 PM ET Senate Republican Leader Mitch McConnell (Ky.) announced Monday afternoon that he and Vice President Biden have agreed on the tax portion of a deal to avert the "fiscal cliff." McConnell said negotiators are very close to a final deal, and urged his colleagues to decouple taxes from spending issues and pass a bill to shield the vast majority of people from tax increases. “I can report that we’ve reached an agreement on all of the tax issues,” he said. “We are very, very close.” Democrats and Republicans remain divided over what to do about $109 billion in automatic spending cuts to domestic discretionary and defense programs. Both sides agree the cuts should be postponed but cannot agree how to pay for that delay or whether to pay for it at all. Democrats want any postponement of the debt ceiling to be paid for by raising taxes on families earning above $450,000 a year. Republicans say that is unacceptable. They say it should be offset with other spending cuts. McConnell proposed moving ahead on the tax portion of the negotiation, which has been resolved. “We all want to protect taxpayers and we can get it done now,” he said. “We’ll continue to work on finding smarter ways to cut spending, but let’s not let that hold up protecting Americans from the tax hike that will take place in about 10 hours, 10 hours from now.”