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Market recap: Stocks recovered nearly all their early losses following news Congress will...

  • Thursday, December 27, 2012, 4:10 PM ET
    Market recap: Stocks recovered nearly all their early losses following news Congress will reconvene Sunday evening to resume fiscal cliff talks and conflicting reports Pres. Obama may have offered a new proposal to Republicans. But the budget uncertainty is weighing on consumer confidence, which sank to its lowest level since August. Other data on new home sales and jobless claims were more upbeat.
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This news story has 10 comments:

  •  
    Fire them all, Obama, Reid, Boehner, McConnel, Pelosi, all of them.
    27 Dec 2012, 04:33 PM Reply Like
  •  
    Rushing in on the 30th. Isn't that nice of them to make time.
    27 Dec 2012, 04:33 PM Reply Like
  •  
    i will be stunned, will even go as far as to say there is no way that both sides allow the Fica rate to go back to normal at this time(forget for a moment that reducing employee rate was a good thing,i don't think it was)
    No way these morons allow child tax credit to get cut in half along with dependent care credit. No way.
    I expect some type of kick the can down the manhole short term agreement that will not allow the above to happen. Some other things thrown in there. Expect every news outlet to over hype this meaningless agreement and either monday or wednesday the S&P pops 20pts Dow 250 at least.
    I will check back no later than Jan 2nd after the close to see if i am a moron or not. They will paint this as Obama the great communicator, blah blah blah. You watch. And putting my money where my big mouth is
    27 Dec 2012, 05:44 PM Reply Like
  •  
    Still do not understand why this moved the markets back up? Of course they are going to meet still does not mean a deal is getting done.
    27 Dec 2012, 05:46 PM Reply Like
  •  
    That's how I read this too. Boehner had to convene the House to show that he is concerned and working on it, and blah-blah... Obama has not indicated that he is willing to keep the tax cuts for the rich, and the Republicans have clearly indicated that they won't vote for any tax increases. So, what's the point of getting together on Sunday other than demonstrate some concern, .
    27 Dec 2012, 08:00 PM Reply Like
  •  
    Football?
    27 Dec 2012, 10:22 PM Reply Like
  •  
    maybe you are trying to rationalize the irrational?

    I want to see the democrats explain how the evil republicans let tax credits for the middle class and lower get cut in half. Tax credits that George W Bush doubled.

    Seems to me the markets are looking for anything to go higher.At least in the short run
    27 Dec 2012, 09:00 PM Reply Like
  •  
    Nice, grinding your axe on Congress for the market gyration today. I'd say specialists were buying cheap all day from eoy tax sellers, then pumped up the price at the close for the end of quarter window-dressers. Nice day for market makers.
    28 Dec 2012, 12:11 AM Reply Like
  •  
    Nice, i can sleep tonight as they finally figured out how Houdini would get out of this mess.

    Run for the hills folks!

    Kicking the can down the road is kinda getting old don't you think??
    28 Dec 2012, 01:02 AM Reply Like
  •  
    feels like something is going to break very soon (think of a lamp falling off the shelf). the ever optimistic DOW wants to go up, but down 100 should actually be down 500 when people understand the chain reaction related to this cliff...

    they can't see the forest from the trees
    28 Dec 2012, 10:40 AM Reply Like
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