My quote about this idiotic obsession with the fiscal cliff in the Daily Beast ^[1]:

“I wouldn’t pay much attention to Wall Street’s assessment of politics,” said Barry Ritholtz, a money manager and proprietor of the Big Picture ^[2] blog. “Let me remind you that the Street bet heavily on Romney, in both donations to campaigns and how they positioned their portfolios. They misread what turned out to be an Electoral College blowout of 332 to 206, and the sell-off since the election is as much about the mispositioned Street reversing themselves as anything else.”

I think that’s about right . . .

Source:
Day 13: Wall St. Happy With Fiscal Cliff Negotiations, But Skeptics See Photo-Op ^[1]
Daniel Gross
Daily Beast Nov 19, 2012  
http://www.thedailybeast.com/articles/2012/11/19/day-13-wall-st-happy-with-fiscal-cliff-negotiations-but-skeptics-see-photo-op.html