From CNBC: A flurry of Fed speakers will probably not be enough to distract traders from their obsession with the “fiscal cliff” Thursday.
A myriad of worries weighed on stocks Wednesday, including
Europe and the Middle East, but the selling accelerated when President Barack
Obama spoke at a media briefing about upcoming fiscal cliff negotiations.
He restated his views on the need for higher taxes and again
asked Congress to immediately extend middle class tax cuts. That would leave a whole
package of issues, including how to tax the rich, unresolved and up for
discussion…..
More? Go to http://www.cnbc.com/id/49827279
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