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. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund's holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/index.php/the-fund/holdings