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Stocks Hold Gains on 'Cliff' Deal Optimism

November 28, 2012

Stocks held their gains across the board Wednesday, with the S&P 500 trading above 1,400, after President Barack Obama addressed the ongoing "fiscal cliff" issue and following some positive comments from Speaker John Boehner. “You have an 11-percent gain on the S&P 500 this year—I can sell now and know what my capital gain and income taxes are going to be. But I have no idea what they’re going to be in 2013,” explained Brian Battle, vice president of trading at Performance Trust Capital Partners. “So I think there’s going to be a lot of selling ahead, not for fundamental reasons but for technical reasons.”

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Post-election market drop not due to politics

November 8, 2012

The market's post-election action is technical, not political, says Brian Battle, director of trading, Performance Trust Capital Partners. Battle tells MarketWatch Radio's Larry Kofsky that it's not "any sort of vote on the election," and what Wall Street will be watching is lawmakers' action on the fiscal cliff: "can they get a deal done, and what are the terms."

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