No Fiscal Cliff: Peaches'n'Cream Trucks Are Here by AL MARTIN (AL MARTIN RAW.COM)
(12-18-12) Look at all the "good news" in the financial media. The equities are rallying. There's still a "risk on" trade. It is simply absurd.
The shills in the media are doing their job in putting together a great story or narrative as the say and then being able to push it. There has been enough two-way action between the White House and Congress every day that the shills are able to build an entire bogus story on it that sounds plausible to the Unwashed -- now known as less sophisticated investors.
They are able to build this tremendous fantasy and put a date or timeline to it and then say -- don't worry that nothing's going to get done by Christmas because they -- Congress and the White House -- are taking the traditional Christmas break, but they're going to work out the deal behind the scenes and when they come back from the Christmas break -- it's a done deal!
Therefore you can take the fiscal cliff worries right off the table and get back and concentrate on the traditional "Santa Claus Rally" and the "End of December Rally" because there's not going to be any tax loss selling -- and we're going to see "End of Quarter Portfolio Window Dressing" buying in the 4th quarter – which is virtually unheard of.