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Lame Duck Congress Bodes Poorly for Stocks

Some analysts are arguing that gridlock in Congress would provide equities with some room to run higher. But Singer isn't expecting the same results in the new year.

"In the past, there is a lot of statistical evidence that says gridlock is good," he says. "I question whether gridlock is going to be as good at a time when there is more of a sense of urgency brought on by the financial crisis."

-- Written by Robert Holmes in Boston.



>To contact the writer of this article, click here: Robert Holmes.

>To follow Robert Holmes on Twitter, go to http://twitter.com/RobTheStreet.

>To submit a news tip, send an email to: tips@thestreet.com.

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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
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