House Democrats Reject Tax Cut Deal
http://www.zerohedge.com/article/hou...t-tax-cut-deal
Per Ben Smith of Politico, the House Democratic caucus has just voted to reject the tax deal. Posturing or the real deal? Since the passage of this vote was re-priced into the market in the past three weeks pretty much every day, we expect the failure of the vote will now be priced in even more, sending the Dow (as usual the government has still to discover the S&P) to fresh 2010 highs, now that the market flips the "bad news is good news" switch.
http://www.zerohedge.com/article/hou...t-tax-cut-deal
Per Ben Smith of Politico, the House Democratic caucus has just voted to reject the tax deal. Posturing or the real deal? Since the passage of this vote was re-priced into the market in the past three weeks pretty much every day, we expect the failure of the vote will now be priced in even more, sending the Dow (as usual the government has still to discover the S&P) to fresh 2010 highs, now that the market flips the "bad news is good news" switch.

