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I dont think that cliff is going to be that bad.
The markets should pickup because they know that the tax structure at that level was workable for a long time. Defense stocks will be down but I imagine not for long as a bunch of scared politicians of all stripes will take their butts to washington to sort out the war machine. After that it is muddle on as usual
Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free American and do not reflect the opinions of any person or company that I have had professional relations with in the past 57 years. meep