Clearly, the stock market believes something positive regarding “the cliff” is in the works as it continues to trade in a perky fashion. While it is true the S&P 500’s (SPX/1416.18) sprint from its November 16th oversold “low” has left it very overbought in the short-term (see chart on page 3), and in need of a rest to work-off that condition, beneath the surface there are some pretty bullish occurrences.
-Jeffrey Saut, managing director, Raymond James & Associates
While Hollywood has focused on huge amounts of explosives or spacecraft on a kamikaze mission to deflect asteroids, US experts say the reality could be a little simpler - and stranger. Researchers believe a very pale asteroid would reflect sunlight, and say that over time, this bouncing of photons off its surface could create enough of a force to push the asteroid off its course. However, asteroids are made of dark rock - so the team proposed using a large space based paintball gun to coat it with white paint. Sung Wook Paek, a graduate student in MIT’s Department of Aeronautics and Astronautics, says if timed just right, pellets full of paint powder, launched in two rounds from a spacecraft at relatively close distance, would cover the front and back of an asteroid, more than doubling its reflectivity, or albedo. The initial force from the pellets would bump an asteroid off course; over time, the sun’s photons would deflect the asteroid even more.
... Mark Prigg; Daily Mail (10/26/12)
Alas, if only it was that easy to “paintball” the rapidly approaching fiscal cliff. For those of you traveling the North Yungas Road in Bolivia (the most dangerous road in the world, where more than 100 people per year die by falling over the cliff) and unaware of the approaching dangerous “cliff,” let me explain. Before beginning, however, let me preface by recalling Bill Buckley’s famous lament that he would rather be governed by folks listed in the Boston phone book than Harvard professors. To be sure, there are some good politicians inside the D.C. Beltway, but not many! Of course, one of my themes is that the “players” are changing with smarter policymakers being elected, which should lead to smarter policies, but I digress.