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The Market Heads Higher, Way Higher From Here

Will the company treat it as a singular space, doing things like streaming radio for the same lame reason -- everybody else is doing it! -- Meg Whitman gives for eventually building a smartphone at Hewlett Packard (HPQ)? Or will Liberty raise the stakes, making moves that draw the attention of media companies that act more like tech companies? If the latter comes to, $3.50 might be a conservative price target for SIRI.

Over the long haul -- I'm talking in Amazon years -- it's that second mindset that wins out, where companies go bold and disrupt large and multiple industries the way Amazon has. CEOs such as Bezos and Marissa Mayer at Yahoo! (YHOO) set that tone. We don't care what's happening in Washington. We can't afford to waste a minute. There's too much work to do!.

Forget special dividend payments, stock buybacks and comfort with the status quo. If you do them, they should be secondary to growth. They might work in the short-term, but they crush souls and create Microsofts (MSFT) and Best Buys (BBY) in due time.

Once they no longer have the fiscal cliff as an excuse, I expect the best companies in tech, Internet and media to join the ranks of Bezos and Amazon and Mayer and Yahoo! They'll remove the conservative shackles and attack. Those who do not will get bought out if there's value or be left behind.

Don't be fooled: As I predicted weeks ago, a fiscal cliff deal will get done before the end of the year.

That will provide the market sustained energy. Solid earnings led by Amazon and Apple (AAPL), along with some surprises and strong 2013 outlooks across spaces will propel equities even higher.

Once a deal gets done -- especially if it's a halfway decent one -- there's really no reason for a rally not to happen. No more excuses. There's opportunity out there -- tons of it -- and more than a handful of companies must exist who not only see it, but are prepared to leverage it.

--Written by Rocco Pendola in Santa Monica, Calif.

Rocco Pendola is TheStreet's Director of Social Media. Pendola's daily contributions to TheStreet frequently appear on CNBC and at various top online properties, such as Forbes.
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