Wednesday, January 02, 2013

The Fiscal Cliff Aversion Rally!

$$ - What a way to start 2013! The market surged today following the fiscal cliff deal, with the Nasdaq up over 3% and the SP500 up over 2.5%.

Don't you wish it was like this everyday?

One thing folks are talking about but maybe not factoring in is that the 2% payroll tax added back in may have an impact on consumer spending. Heck, it will. And what is that impact to GDP and company earnings?

Not today's business. What a day!

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