It's going to be an eventful Sunday (similar to those ones back in 2008/2009) when Washington is busy cooking something to deal with nation and world economies from plunging into a "cliff". Finally on last day, politicians would wake up and come up with some deal to avoid "fiscal cliff" and declare it as victory that they saved 98-99% of people from dreadful tax increases. When it comes to politicians, it always have to come to last day to make a deal. Maybe that's art of politics! Most likely Sunday on prime time TV, all 5 "leaders" would come on TV and announce that they have a deal to avoid tax-increases by 99% of Americans and would work together for larger deal on debt reduction and so on. World markets would cheer with DOW jumping up more than 200 points on Monday and everyone would welcome 2013 with late night parties! Since 2013 is almost here, here are my new year recommendations. Caveat: Please invest only after doing your own analysis...
Commentary about markets and investment ideas and some random thoughts!