Opening Doors

Republican Speaker Boehner addressed the House this afternoon. Like the rest of the world, the US fiscal cliff was clearly on his mind, as it is with the US equity markets. He was conciliatory towards the Democrats, indicating higher tax revenues would be acceptable as part of an overall agreement of tax reform and deficit reduction. Words worth noting.

The equity markets didn't buy it - they weakened further in the last hour of trading today, right after Boehner's comments.

Cynicism, understandably, persists. Let's watch President Obama.