Slow Day On Wall Street: DJIA Market Close For Monday, November 12, 2012

The Dow closed down -0.31 (-0.00%) at 12,815.08.

Now, lawmakers have less than two weeks worth of scheduled work days in the lame duck session to strike a deal that prevents the onset of $7 trillion of spending cuts and tax increases in January.

Stocks sold off sharply last week, with the major indexes sliding more than 2%, as investors worried the government would fail to cut a deal by January, potentially triggering a recession.

Off-hand, I’d say many someone’s think we are going off the cliff.

The dollar was flat against the euro and Japanese yen but rose slightly versus the British pound.

Oil for December delivery slipped 50 cents to settle at $85.57 a barrel.

Gold futures for December delivery was unchanged at $1,730.90 an ounce.

And everyone lives happily ever after with more money than they can ever spend in Warren Buffet style.

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