For those of you who are worried about this fiscal cliff madness. This might help you. For those of us not concerned, Have A Happy Weekend!!
Originally posted on Reliance Investment Management:
Stock Markets Continue To Give Back their 2012 Gains
Fears of the Fiscal Cliff continued to weigh heavily on the stock markets during this past week. The S&P 500 reached it’s highs for the week soon after the markets opened on Monday morning. However the markets failed to hold their Monday morning gains and stocks soon began a slow and steady decline that continued throughout the week. The decline came to a halt around 11:00 a.m. on Friday when several Congressional leaders emerged from a meeting with President Obama and announced that they had agreed to a fast track negotiation process to reach a deal on the up-coming Fiscal Cliff.
Filed under: Politics