Not everyone thinks Wednesday's big stock rally was simply due to a "Fiscal Cliff" deal.
While most observers said Congress's last-minute agreement was the main driver behind the global rally, some pros think it had more to do with new money coming into the market and prospects for more central bank easing.
UBS's Art Cashin, for one, said the fiscal cliff resolution cleared the way for fund managers to begin their traditional stock buying at the start of the year.
"It's new money for the new year," Cashin told CNBC. "It's going on globally. It's not just a flight from safety if you look at the percentage moves, many of them are identical so to me, it's assets coming in."