In Hollywood Style, Fiscal Cliff Will Be Averted, Market Will Rally
Maybe that's why MTV never gets credit for inventing the entire medium. Because Washington did, immediately after somebody shot RFK.
The entire governmental apparatus, alongside a handful of advertising agencies, is keen to what goes down. They're actively-participating covert stars of the big screen disguised as public servants. Each of us watches on the virtual boob tube that is our life.
Only the top Fortune 500 executives know the drill. Everybody else -- high- and low-level employees, the media, investors, you, me -- has no idea that the reality we're watching is not real -- or, at least not organic and authentic.
It's a highly choreographed performance, tweaked on the fly to keep you watching and reacting with everything from anxiety to anger to sadness.
It costs people money. It costs them jobs. It makes some commit suicide. Others leave the country. Burn the flag. Join the military. Blow themselves up in a crowded square.
It's a bad ass version of what Michael Douglas apparently went through in "The Game."
With that in mind, rest assured, the fiscal cliff everybody is freaking out about will be averted.
These cats in Washington have you on the edge of your seat.
Relax. Start the office pool now. Pick the day between now and the end of the year when the Breaking News hits that ...
President Obama and Congressional leaders have reached ... either a deal or a "stop-gap measure" to keep the nation from going over the fiscal cliff.
I'll take somewhere in the first week of December. Actually, give me Friday, November 30th. Producers in Washington get kicks watching "Saturday Night Live" and "Meet The Press" scramble to rearrange their lineups.
Quick. Call Cramer! See if he can come on this weekend if the Eagles aren't at home!
The spectacle would actually be fun to watch if it wasn't for this nagging notion in the back of my mind that my cynicism is off-base.
What if they're not just waiting for the right moment to lay the breaking news on us and set off the strongest Santa Claus rally we have seen on the stock market in ages?
That's a concern.
However, as I watch a stock like Apple (AAPL) trade -- settling, as much as AAPL ever settles, in the low $540s -- all I can think is breakout.
There's not a politician in the world who wants to deal with the fallout from doing nothing this time around. Watch the news, man. They're setting up a compromise. You can hear it in the voices of our "leaders."