How Advisors Can Prepare if Fiscal Cliff Solution Creates Surging Bull Market
By thinking through the “bull” case according to our outline above, advisors and investors can prepare themselves for the upside should the nation’s capital experience a sudden outbreak of long-term compromise in 2013.
Preparing for the unexpected is an important part of risk management, usually with the emphasis on the downside. But with a 13% approval rating for Congress, pessimism seems deeply entrenched leaving the risk of a return of optimism in 2013 as an outcome worth considering as 2012 comes to a close.
Jeffrey Kleintop is the chief market strategist at LPL Financial.
