Constructive on the fiscal cliff?.. (16.11.12)

WASHINGTON (MarketWatch) — Top congressional Democrats and Republicans said Friday they had a constructive meeting with President Barack Obama aimed at averting the fiscal cliff of tax hikes and spending cuts set to kick in at the beginning of the year.

no matter how you look at it - it is BAD...

markets may rise, let them be (i'm personally 80% long positions and 20 cash (but not usd yet)) but the consequences of these cuts and tax hikes will absolutely take effect very soon after they are made. and they are not going to be pretty. i'm also certain the military cuts will be lifted with an excuse of the Iranian war. 

i don't believe in this bull market anymore. by the debt ceiling markets will sink and by the end of the 1st Q they'll crash...