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No Cliff Calamity: That’s What Stocks Are Correctly Predicting

Joseph3374 Wrote: Dec 12, 2012 8:59 AM
Obama owns the middle calss becasue of idiot republicans like McCain and Graham talking up American military involvement in the middleeast ! Gov. Romney's big mistake was to allow the criminal neocon carpetbaggers from idiot Bush's administration into his campaign ! Clearly the American people ( over 70%) do NOT want us engaged militarily in the middle east !
Joe 145 Wrote: Dec 12, 2012 9:07 AM
You may be correct about Americans not wanting to be involved in any war in the Middle East, or anywhere else. Representative governments don't handle long wars well. After all, most people don't like wars. I don't want my sons to have to go anymore than anyone else. Only one problem:

The war is coming here. It is only a matter of time before nukes enter the picture. Then the war will really begin.
Despite all the media hullabaloo about the fiscal cliff and a potential recession if none of the Bush tax cuts are extended, stock markets have behaved calmly throughout this whole period. In fact, as of this writing today, the Dow is up 100 points.
I’m going to guess that stocks, in their wisdom, are correctly sniffing that there will be no calamitous falling off the cliff. By that I mean there will be no $500 billion tax hike, which would be an economy killer.
Instead, after speaking with prominent Republican House and Senate members, I have come to believe the following:...