Got me to thinking about all the comments I've heard regarding the fiscal cliff.  Here are some I recall, I'm sure others can add to the list:


1.  Last week's talking heads: There is a 30% chance we will go over the cliff.

2.  Going over the cliff might be a good thing because it will motivate politicians to become serious about the issue.

3.  The fiscal cliff should be postponed by 2 years.

4.  Going over the fiscal cliff will be good for the market much as the downgrade of the US credit rating providing truth in visibility, admission of problems being a first step in the right direction.

5.  Once we fall off the cliff, two weeks later the politicians will realize "Oh we had better do something" and pass a 6 month extension.  Many workers will have an extended 2 week unpaid holiday "vacation."