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Sell on Any ‘Fiscal Cliff’ Deal: Santoli

Buy the dip in stocks now and sell on any "fiscal cliff" resolution, Mike Santoli of Yahoo! Finance said Friday on CNBC.

On "Fast Money," he drew a comparison to the market's performance amid debt-ceiling negotiations from last year. While not an exact parallel, the current situation could be setting up in a similar fashion.

"We've gotten this little 6 percent lift. We've kind of wobbled sideways for a little while now. And I feel like the market, just in general, is probably in search of a little bit of an excuse before too long to back off in some hard way," he said.

"So therefore, as opposed to people thinking that the only thing standing in the way of a much higher market is some kind of a 'cliff' agreement, you might be able to get more of a sell-on-the-news response."

Santoli suggested looking past any potential deal to avert the so-called "fiscal cliff" that would trigger tax hikes and federal spending cuts if Washington lawmakers fail to reach a budget agreement.

"I do think it's worth noting that when you have the market sort of presuming you're going to have a relatively easy path past this point, then maybe you have to wonder exactly what's going to be the catalyst to have it back off in, just in an overdue correction sort of way."

The argument doesn't hold true if Washington misses the deadline and engages in protracted negotiations late into January.

Santoli's stock pick: Johnson Controls, an "up-front company" with good management and a 2.7 percent yield.

Trader disclosure: On Dec. 14, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Pete Najarian is long AAPL; Pete Najarian is long BAC CALLS; Pete Najarian is long INTC CALLS; Pete Najarian is long SBUX; Pete Najarian is long FB; Pete Najarian is long MSFT; Pete Najarian is long CLF; Simon Baker is funds long CSTR; Simon Baker is funds long IWD ; Simon Baker is funds long IWM; Simon Baker is funds long AAPL; Simon Baker is funds long BAC; Simon Baker is funds long F; Simon Baker is funds long XLU; Simon Baker is funds long T; Simon Baker is funds long GE; Simon Baker is funds long GOOG; Simon Baker is funds long QCOM; Simon Baker is funds long WFC; Josh Brown is long AAPL; Josh Brown is long GLD; Josh Brown is long XLU; Josh Brown is long TLT; Josh Brown is long XLF; Josh Brown is long WMT; Josh Brown is long TGT; Josh Brown is long GOOG; Josh Brown is long ZCOM; Josh Brown is long WMT; JJ Kinahan is long BAC; JJ Kinahan is long C; JJ Kinahan is long GS; JJ Kinahan is long C; JJ Kinahan is long CSCO; JJ Kinahan is short SBUX; JJ Kinahan is long FB; JJ Kinahan is long MSFT; JJ Kinahan is short SPY.

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