real-time news and commentary for investors
Monday, Dec 31
2012, 9:15 AM
Market preview: Like Sherlock Holmes and Professor James Moriarty, Democrats and Republicans may...
Market preview: Like Sherlock Holmes and Professor James Moriarty, Democrats and Republicans may be about to tumble over the fiscal cliff in a mutual rolling bear hug that could take the U.S. economy with them, but investors remain sanguine as reports filter through that a deal could still be reached. If we can get away from the cliff imagery for a minute, Shakespeare also sums the situation up quite nicely: "As two spent swimmers, that do cling together and choke their art." The S&P is +0.75%. Later: Dallas Fed Manufacturing Outlook, USDA Ag. Prices