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Minyanville's T3 Morning Market Call: Optimism Grows Over Fiscal Cliff
US stock futures now point to a slightly higher open Friday morning as the Wall Street Journal reports that the White House may look to replace spending cuts and push most deficit reduction talks off until the middle of 2013. Earlier in the morning futures were lower as the fiscal cliff negotiations are set to begin between President Obama and Congressional leaders. The market has been under pressure since the election amid fears that a stalemate would trigger $600 billion in tax hikes and spending cuts that could plunge the US economy back into recession. The major indices are ...
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