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.
Any securities mentioned on this page are not held by the author in his personal portfolio.