Market Update: Fiscal Cliff Hysteria

 

As the United States edges closer to the fiscal cliff, Jack Bouroudjian highlights the selling that’s taking place in anticipation of going over the cliff at the end of the year. More than likely, he says, those trades will come back in as buying when a resolution to the cliff is reached.  ”We’re one handshake away from seeing 5 percent re-priced right back into equities,” he says.

Also, Jack touches on why gold is a more important commodity than oil in the Israel-Gaza conflict.

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