Replies to post #1315 on Xtreme Plays

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NEW YORK (MarketWatch) — U.S. stocks opened with modest gains Monday on thinking the standoff in Washington over automatic spending cuts and tax hikes could be resolved.

“If the ‘fiscal cliff’ is averted in the U.S., prospects for the U.S. economy are reasonably good in 2013,” said Ed Yardeni, chief investment strategist at Yardeni Research Inc.

The uncertainty of whether politicians would reach an agreement and avoid more than $600 billion in automatic tax hikes and spending cuts otherwise cue to start in January was expected to keep equities on a volatile ride until an accord to reached. Read: U.S. stocks to follow erratic 'fiscal cliff' path