Today’s goofy conventional wisdom: Merry Cliffness

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Going off the fiscal cliff is now a good thing as it will impose fiscal discipline, the chatterers on CNBC. Okaaay…

Whatever the reason, stocks are rallying and risk is rallying right along with them.

Stops above 1.3020 will be the afternoon focus for interbank and short-term hot money-types.

2012-12-11T18:30:41+0000

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EUR/USD

Jamie Coleman

6 Comments

  1. A sell side broker can always find a reason for people to buy stocks, and the good ones make a lot more money than car salesmen.

  2. You shudda been watching BBG.
    They’re investing in pot.

  3. the cliff issue will be solved by dec 31? LOL

  4. There is nothing goofy about it, let the so called tax cuts expire, and trigger spending cuts, 51% in the country wanted European socialism and now they deserve to get it.

  5. Yeah you’re right George – it’s not goofy – it’s absolutely MORONIC.
    If you go over the cliff you will guarantee another recession, it’s short sighted and wrongheaded economic thinking.

  6. “The cliff” is a bump in the road compared to the ultimate consequences of continuing
    deficits and mushrooming debt.

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