Posted by kdadmin on January 2nd, 2013.
According to Robert Schroeder and Greg Robb from their December 31, 2012 post on MarketWatch, some of the highlights of the Fiscal Cliff compromise include the following:
The good news is that the market seems to like the deal. The Dow and S&P were up sharply on Monday (12/31) and 2.35% (DJIA) / 2.54% (S&P500) today.
Since the bill garnered enough votes to pass, the likely impact on your portfolios will be:
Honestly, I think the biggest benefit will be that Washington’s direct impact on the market’s volatility will be over, for the most part. I would welcome that. I prefer the idea of “free capital markets” over “politically driven capital markets” in as much as it can be true.
Should you wish to discuss this in more detail, please contact me directly.
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Happy New Year!