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Stock Jan 2013 - "Stock Market: 2013 Forecasts Tough to Make; 2012 Performance Builds Confidence"

Stock Jan 2013 - "Stock Market: 2013 Forecasts Tough to Make; 2012 Performance Builds Confidence"

Stock Jan 2013 - "Stock Market: 2013 Forecasts Tough to Make; 2012 Performance Builds Confidence"

Excerpt


Stock Market: 2013 Forecasts Tough to Make; 2012 Performance Builds Confidence



Predicting stock market performance is about as sure-fire as predicting the weather. This year-end adds additional factors to the mix – tough negotiations among lawmakers over the so-called fiscal cliff, the possibility of automatic spending cuts and tax increases – all of which make predicting market outlook for 2013 an exceptionally tough act. If Democrats and Republicans can’t hammer out a deal on taxes and government spending before year’s end, the fate of their discussions could generate significant market volatility in the first quarter. Many analysts expect that an accord will be reached, though few believe the two parties will be able to do so by Dec. 31, 2012. The hope is that matters will be settled in the first few months of 2013. At this point, even with the spending/tax deal as yet unresolved, Wall Street experts are tending toward greater optimism.


 


 


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