Sunday night, 24:52 est, still no breaking news that congress have agreed action on the fiscal cliff.....
Hopefully this was already priced in on Friday in the US, the asx is in for a weak start on Monday unless something breaks in the US in the next 10hrs...
What is more worrying than the fiscal cliff ( tax increases and spending cuts- which may send the us into recessions) is the debt ceiling of the US- reporters speak of the US having to default on lending and downgrades by moodies!!!
Once again I believe we will have some good announcements over the next 4 to 6 weeks, smack bang in the middle of a sh$! Storm in the US....
Just some midnight ramblings!!!
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