Wall Street ends 2012 riding high on "cliff" deal optimism

Comments (10)
pbgd wrote:

It would have been simpler to just go over the cliff, and then vote to lower the taxes. It’s always easier to vote for lowering than for raising taxes.

Dec 30, 2012 9:39pm EST  --  Report as abuse
Bunker555 wrote:

Thanks for explaining how the futures market trading higher does not necessarily imply a higher opening for the cash markets. The folks at Fox “Business” News need to read this post.

Dec 30, 2012 9:41pm EST  --  Report as abuse
Abulafiah wrote:


I agree with you, Obama should do that, and it would put Republicans in a very awkward position.

On the other hand, I wouldn’t put it past Republicans to do yet another u-turn and block tax cuts unless they include their favoured wealthy.

Dec 31, 2012 10:40am EST  --  Report as abuse
madmilker wrote:

the mafia is pumping for a reason today…

Gold is headed to $1492.

Dec 31, 2012 1:10pm EST  --  Report as abuse
xyz2055 wrote:

pbgd..I disagree from a philosophical point of view. I think it’s important for Grover Norquist to get hammered here. By passing legislation that RAISES taxes, Norquist will become less relevant. His special interest’s goal will have failed. The signatures on the Norquist agreement will become worthless. For a leader of a Special Interest group that is funded by the richest in this country to have such a powerful hold on Republicans in Congress is an embarrassment.

Dec 31, 2012 2:06pm EST  --  Report as abuse
JoeObserver wrote:

Democrats proposed, Republicans disposed. The question why there was a change of hearts among Republicans.

Dec 31, 2012 3:24pm EST  --  Report as abuse
xyz2055 wrote:

madmilker..gold is the absolute worst investment of all time. It’s headed much lower than $1492. Gold is not liquid (you can’t use it to pay for goods and serves). For individuals it is bought at a “premium” and sold at a “discount”. Look at Gold prices on eBay…you can’t buy gold at spot prices.

Dec 31, 2012 4:14pm EST  --  Report as abuse
Owkrender wrote:

Dropping the Ball on New Year’s Eve is a long-standing tradition… .

Dec 31, 2012 5:18pm EST  --  Report as abuse
ralphos wrote:

Double digit gains for the year. Even with all the uncertainty. the rich got richer everyone else is getting hosed even our old.
America don’t seem very great.

Dec 31, 2012 6:13pm EST  --  Report as abuse
ralphos wrote:

pbgd “It would have been simpler to just go over the cliff, and then vote to lower the taxes. It’s always easier to vote for lowering than for raising taxes.”
So your saying it is easier to rise the taxes of 100 percent of Americans first, than to keep taxes low for 97 percent of Americans. Just to make the rich pay their fair share.

That is retarded. Especially when so much has been given up like hosing social security yet again. If we go over there is no reason to give up a darn thing to make the rich pay some tax.

Republicans just need a leader than can get a bill through his own house. Get over it they lost. I would personally use the presidency to make their life miserable using signing statements and the like.
Be just as unrelenting as they are the party of no.

Dec 31, 2012 6:32pm EST  --  Report as abuse
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