The Fiscal Cliff Follies: should you be encouraged or discouraged? It depends. If you are long the market, you should be ENCOURAGED that in the last two hours the market has not moved on headlines like these:
Boehner: We're "Almost Nowhere" on Talks
McConnell: White House offer "almost comical."
McConnell: "There is nothing better going on privately."
Why no drop in stocks? It means the market still believes that a deal is coming soon, and that it will be substantive.
(Read more: Who's Who Among 'Cliff' Players)