Close Enough for Government Work « Market Montage

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.

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