Fiscal Cliff or Not, the Economy is Recovering
By Lipa Roitman Ph.D.
December 27 2012
Like the planes circling the airport in the holding pattern waiting for permission to land, the stock market is waiting for the fiscal cliff outcome. But not all of it. Several important stocks and sectors have been steadily rising last month as if they already know that the future is bright.
The Financials
The Financials have risen in double digits since the November 14 lows. Bank of America BAC is up 28%, Morgan Stanley MS up 19%, Goldman Sachs GS is up 14%.
This rise could have been predicted (see charts below). Will they keep rising
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