Fiscall Cliff plays will be fun this time of the year. Right now, there is a sense of relief as it LOOKS like all sides are playing nice and coming up with some sort of compromise. I believe this will keep things green for a few days this week. The big question is, WHAT TAXES WILL RISE? If the tax on stock profits go up, there will be a SLEW of selling before the year ends to save on taxes. (The question will be, which stocks? I believe stocks that are close to highs, and have a larger PE will be the ones to drop. Good value stocks will stay relatively stable)
Bonds as well, if there is gridlock, they are going to dump. The question then becomes, where will the money go to? Let's not forget that Europe is also still a basket case. What are the safe havens for cash?
On that, thinking maybe gold and silver.
Will be looking for ideas on high flying stocks that may be ready for a profit taking party. First I need to *sigh* go running.
