I'm going to break it down how its going to happen:
As a life long U.S resident and former political news junkie, this is my prediction.
A) We are definately going over the cliff. There is no reason for either side to stop it. Democrats will get the automatic tax increases they want, and Republicans will get the spending cuts.
B) They will strike a deal in mid january.
C) Democrats will lower the rate with the compromise and claim that "they protected the middle class"
D) Republicans will claim they "saved the Economy" from the democrats destroying it.
E) Market will keep trending down until the compromise, and then will jump 2-3 hundred points on the news.
F) Market still in big trouble
What's your prediction? BTW, moved my entire 401K into cash a couple weeks ago..
As a life long U.S resident and former political news junkie, this is my prediction.
A) We are definately going over the cliff. There is no reason for either side to stop it. Democrats will get the automatic tax increases they want, and Republicans will get the spending cuts.
B) They will strike a deal in mid january.
C) Democrats will lower the rate with the compromise and claim that "they protected the middle class"
D) Republicans will claim they "saved the Economy" from the democrats destroying it.
E) Market will keep trending down until the compromise, and then will jump 2-3 hundred points on the news.
F) Market still in big trouble
What's your prediction? BTW, moved my entire 401K into cash a couple weeks ago..