Before we all depart for the weekend, I just wanted to wish you all a happy holiday.
Today the market is treading water due to the collapse of “Plan B,” and it’s all too easy to get caught up in the anxiety and uncertainty. But as I explained yesterday, there are plenty of things we can do to prepare our portfolios for whatever kind of market awaits us in 2013. In any event, I have good reason to believe that a deal will be worked out just before or right after the New Year and that the resolution of the fiscal cliff will benefit the market as it unleashes all of the cash that has been sitting on the sidelines lately.
So let’s all take a moment to forget doomsday predictions and fiscal cliff drama and spend some quality time with friends, family and loved ones. Next week will be a short one due to the Christmas holiday, and I’m personally taking the long weekend to celebrate. But I’ll be back bright and early on Wednesday morning to update you on the latest market headlines, so please be sure to check back in then.
I hope you have a happy and safe holiday!