Stocks: Investors brace for the cliff
December 31st, 2012
09:42 AM ET
10 months ago

Stocks: Investors brace for the cliff

New York (CNNMoney) - Monday is New Year's Eve, but it may feel more like Groundhog Day, as investors spend yet another day awaiting news out of the fiscal cliff negotiations in Washington.

U.S. stocks opened lower Monday as investors continue to dial back expectations that officials in Washington will prevent tax hikes and spending cuts from kicking in on Tuesday.

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Filed under: Fiscal Cliff • Wall Street
soundoff (5 Responses)
  1. Rudy NYC

    The only real good that may come out of going over the "fiscal clif" is that the ridiculous capital gains rate will return to something that makes more sense. I do not believe that a salesman who earns a commission selling widgets should pay a higher tax rate than a salesman who sells capital. Don't forget that the Ryan Plan wanted to eliminate it entirely.

    December 31, 2012 09:48 am at 9:48 am |
  2. Pete

    Do yah think now people will be ticked when these republicans who are railing against tax increases realize how much Wall Street tanks because they didn't work out a deal and millions lose money in their investment portfolios..I'm gonna be that way too and it'll show at midterms,you can put money on it republicans you're all gone if you don't compremise before the witching hour when all your careers are history!!

    December 31, 2012 10:22 am at 10:22 am |
  3. Gurgyl

    GOP nonsense need to stop.

    December 31, 2012 10:26 am at 10:26 am |
  4. FOX NEWS: The dung beetle of journalism.

    My simple two step program to survive the cliff plunge:

    1. Tuck
    2. Roll

    December 31, 2012 10:30 am at 10:30 am |
  5. 2012liberal

    Bohener needs to stop leading w his hands tied behind his back. He wants majority of majority 2 pass bills! If he doesnt hv majority it doesnt come 2 floor 4 vote. Why is it called bipartisan when there r only 5 dem votes but cant b the same on the flip. Bohener needs 2 go and put n a neutral unelected leader. A Huntsman or something like that that isnt worried constantly about their re-election. Needs 2 happen w our district lines 2. A neutral commitee instead of elected officials that stack the deck!

    December 31, 2012 11:38 am at 11:38 am |