Phil Grossfield's Blog

My New Year’s Resolutions:

1. Be a better Dad…an ongoing challenge and one I will never stop trying to obtain.
2. Be in better shape.  Although I already starting taking steps down this road, this is a priority.  I’m older now…45 years old.  If I want to drink more, which is always a goal, and if I want to be a better Dad (and a better more attractive husband) then I need to be in better shape.

That’s it.  If I can accomplish those goals, it would be a great 2013.  I was at a service yesterday and the speakers were all talking about the passage of time.  It got me thinking…a dangerous thing.

1. The secret to life is enjoying the passage of time.  ~ James Taylor
2. Wisdom is not the accumulation of information.  Rather, it is knowing when to ignore the information and follow your heart.  ~Phil Grossfield, 2012

HAPPY NEW YEAR MY FRIENDS!

My Market Watch:  It may sound the same but this is today’s My Market Watch…there is a huge push for the Fiscal Cliff plan to be passed into law and in my opinion there is a good likelihood something will happen today.  Here’s my analysis:

1. Focus is on the Fiscal Cliff which dominates headlines and the market.
2. There is no news on whether the plan will include a tax reprieve for shortsales and foreclosures.
3. News/Statements/Reports indicating a plan will not be passed will affect stocks negatively and boost bonds which sustains or improves rates/pricing.
4. News/Statements/Reports indicating a plan will be passed will affect stocks positively and bonds will suffer which will worsen pricing.  On news a plan has been reached I suspect our rates/pricing will take a significant hit.
5. CNN – Significant Progress Made In Fiscal Cliff Discussions, Sources Say
6. My Disclaimer