real-time news and commentary for investors
Friday, Nov 23
2012, 6:17 PM
A strong early start to the holiday shopping season looks to be a bright spot for the stock...
A strong early start to the holiday shopping season looks to be a bright spot for the stock market, but both could soon stall if lawmakers don't make progress on the “fiscal cliff” when they return in the coming week. Despite the promises of congressional leaders and the President to reach a compromise, many on Wall Street are betting Washington will revert to its old self-destructive ways before any deal is reached - and that could easily upset the stock market, as well as holiday shoppers, particularly those at the high end.