NEW YORK ( TheStreet) -- During Thanksgiving week stocks should rebound in what I call the first rise of the bungee after stocks hit a pre-holiday bottom at Friday's lows. The turnaround was caused by optimism from House and Senate leaders following a meeting with President Obama discussing how to resolve the fiscal cliff.Last Friday I wrote Go Over the Cliff? May Be Best Thing fully aware that Congressional leaders would be meeting with President Obama to see if they could reach a consensus that both sides of the aisle can compromise on increasing revenue with higher taxes and spending cuts.
Stocks Set to Bungee from Fiscal Cliff
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