Wall Street Unfazed by Fiscal Cliff Threat

In Washington, debate over the “fiscal cliff” is cloaked in apocalyptic warnings of soaring tax rates and a crashing economy. On Wall Street, the tone is different: All will be fine, at least according to the folks at WaPo.

The stock market has been little changed in the past three weeks, with few wild swings. That comes despite the Jan. 1 deadline when tax hikes and spending cuts are to go into effect unless politicians reach a deal to avert them.

 “Wall Street and Washington are different worlds and speak in different languages,” said Chris Krueger, a political analyst at Guggenheim Partners who acts as something of a translator between those two worlds……..

http://www.washingtonpost.com/business/economy/fiscal-cliff-warnings-yet-to-faze-wall-street/2012/12/04/be7fa984-3e49-11e2-a2d9-822f58ac9fd5_story.html