Woosh…is that what the sound of relief sounds like? Well, we all survived. The world didn’t end on 12/21/12, as the Mayans supposedly predicted (although the day is not over yet). But wait…the other shoe hasn’t fallen yet. We are standing on the edge of a fiscal cliff. If Congress doesn’t act by Dec. 31, taxes will rise and government spending will be slashed dramatically. Economists say the full force of those changes in 2013 could send our nation back into recession (as if we are really 100% out of the recession anyway).
Today could be particularly volatile because it’s a quadruple witching day: the expiration date for stock market index futures, stock market index options, stock options, and individual stock futures. What’s going on here?!?! We have doomsday and 4x witching day all in one day! There’s a fiscal cliff looming. All these mentions of gloom and doom fail to even account for the recent devastation caused by Hurricane Sandy, the only “natural” disaster to make this list. And, while most of us probably never heard of Newtown, Connecticut before this week, we will all remember Sandy Hook for the rest of our lives.
But, before I start sounding like a Negative Nellie, I would like to point out that we survived WW I & II. 150 years ago, we survived a civil war on our own land. We survived the civil rights riots of the 60’s and the oil crisis of the 70’s. We survived the Great Depression and 9/11. We are Americans, and we are survivors! All I’m asking for here is for a little help and cooperation from our federal government. We may be great at surviving, but that doesn’t mean that we need to be thrown off a cliff.
Happy Holidays and best wishes to everyone in 2013. May it be a year where we not only survive, but a year where we all thrive!