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Monday, Nov 19
2012, 7:27 PM
Uncertainty over the “fiscal cliff," the pending jump in capital gains taxes at the start...
Uncertainty over the “fiscal cliff," the pending jump in capital gains taxes at the start of the new year and the looming debt ceiling that will be reached in late February all represent significant downside risks to the market over the near term, according to a new strategy note by Goldman Sachs. When those risks are factored in, Goldman thinks the S&P 500 could fall another 8% by the end of the year - and that's on top of the 7% decline we've already suffered since the year’s high reached in September.