Fiscal cliff resolution looks to be near…

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Options in the US are pricing in a resolution of the fiscal cliff before the day is out as the VIX gets crushed.

We didn’t see a nose over 6000 on the FTSE before the end of 2012 but, if the US politicians put their house in order, then it seems all but a cert that we’ll take out this key level that has proved elusive in recent years in the early part of the New Year.

We are off now to celebrate a cracking 2012 on all counts and put the finishing touches to a bumper New Year edition of our magazine that will be out Thursday. Happy New Year to all our readers!

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