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Kenai Capital’s Tres Knippa argues the markets aren’t dependent on the fiscal cliff for a rally.
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I'm all morning that John Boehner has -- on the issue of tax rates moving close up towards the president's position the negotiations -- -- is the question.
If a deal gets done any deal -- -- to the market's rally.
-- and -- from Carlyle capital management is that the C and they and that's the question for you this morning tried to they rally if there's any kind of deal.
Well I actually think it's gonna be one of those buy the rumor sell the fact things I actually think that the framework for an agreement has already been made.
But politicians.
Have a disincentive.
To show compromise -- one we just make the deadline tomorrow.
And get this over with.
-- so that's why the market if you'll notice the market action we're not -- that that stock market's not falling off a cliff because they haven't reached an agreement.
So is it possible that you get sort of a psychological rally and then a sell -- and of that I think that's probably more likely.
OK -- -- we hear yet thank you very much indeed for joining -- again.
