Why Deleveraging Is The Ultimate Outcome As The Fiscal Cliff Just Doesn’t Matter

In recent weeks – going back to the middle of September – I have advocated a move away from stocks and into cash (UUPT). That call was well timed as the major indices have moved sharply lower starting the week after the Fed announced QE 3. Tech stocks have been the worst performing sector with Apple…

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Why Deleveraging Is The Ultimate Outcome As The Fiscal Cliff Just Doesn’t Matter