(As of 7:07 am PST)
Markets are down but
surprisingly stable in light of last ditch cliff negotiations. Gold is off slightly, while oil is slightly
up. The US dollar is close to unchanged
on currency markets. International news
is skewed to the positive. Interest
rates are stable. If President Obama and
Congress are able to put a patchwork partial deal together prior to Tuesday,
there is likely to be an initial surge in the market, but the jumbled
uncertainty could make for a rough start to the New Year. The dysfunction of our political makeup is
showing up big time as the country and the world watch with fascination and
alarm.
