[Iron Chef]

Originally Posted by datawiz

I see Congress trying to punish Obummer.

Not happening. The House knows that not coming to some sort of an agreement on the fiscal cliff would almost definitely throw the country into another recession because of the higher taxes and cuts in gov't spending, and no one is going to commit political suicide to punish Obama. Look for corrections trending downward through the end of the year. If they can come to an agreement, the chances of a recession are about 30%. Either way, we're in for a fairly rocky 6-9 months, after which the market will recover nicely.