Sunday, November 18, 2012

Petrified by the fiscal cliff? Relax, it's just a slope

The "fiscal cliff" sounds like a scary place. Headlines about "taxmaggeddon" are flashing on TV screens, next to clocks ticking down to January 1.

The Dow Jones Industrial Average has skidded more than 7 percent over the last month, largely due to concerns about the standoff in Congress over how to stop a barrage of tax hikes and spending cuts.

But some major investors say the doomsayers are getting too much attention and cliff watchers should relax a bit.

http://www.reuters.com/article/2012/11/18/us-usa-fiscal-economy-idUSBRE8AH07I20121118