The FTSE did pause as I suggested in my last post, but is up strongly this morning after a partial deal on the US fiscal cliff.
The Dow took more of a dip, although I called it a bit early, and is also rebounding. The deal, however, is only partial; agreement has been reached on taxes, but spending cuts have just been postponed for a couple of months so we could be going through this again then. This could mean that the bounce may only be temporary.
