Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
While no deal has been announced, it appears the market thinks its close enough for government work (pun intended). Obama’s presser at 3 PM sure wasn’t conciliatory though, so expect many battles ahead. It will be interesting how far they kick the sequester only from the framework of whether there is going to be a massive amount of fighting in 60-90 days (concentrated in 1 spot) or if its going to be a 2 for 1 special, in a quarter from now and then again in a year. Either way, we’re just a big mess in this country.
With that said, have a good New Year’s and we’ll see if that gap created by the failure of “Plan B” ten days ago gets filled in any euphoria in the days/weeks ahead.
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