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"This is a really tiny, small deal, but it is a step in the right direction," said the former co-chair of President Obama's debt commission.
Dennis Gartman, founder, editor and publisher of The Gartman Letter, says the Santa Claus rally is here and is "likely to continue".
The Fast Money traders take a look at today's biggest market movers.
CNBC's Bernie Lo took time out from his holiday schedule and called into Cash Flow to defend his controversial call. He says Wednesday's announcement was just "a message to the markets."