The Best of Kass
The Republicans will likely blink on taxes, and there will be some modest spending reform from the Democrats.
The rest will be kicked down the road during 2013..
The key issue is whether this is "enough" -- enough to engage the corporate sector in hiring, building inventory and expanding fixed investment plans.
I really appreciate you reading my Diary today, and I hope it was helpful in your navigation of the market.
I am "pooped," but I will see you bright and early tomorrow!
As an aside, the S&P 500 index closed at 1418 -- amazingly only 3 handles from my "Fair Market Value" calculation, which has been in place since September.
At the time of publication, Kass had no positions in stocks mentioned.
Originally published on Thursday, Dec. 27 at 10:05 p.m. EST.
I would expect the stock to pause in here and a build a more meaningful base before it makes a move higher in 2013.
At the time of publication, Kass was long Ford common stock and calls.