SCOREBOARD: Cliff comradery

Markets lit up as Washington turned warm and fuzzy on the fiscal cliff, but there's still a long road to travel towards resolution.

It was the first gain in three on Friday (for global equities), which isn’t so bad unless, like me, you are looking for markets to tank into the cliff. So far I have to confess I’m a little disappointed. Last week, stocks only fell about 1.5 per cent and the S&P500 is only off about 7 per cent from its recent peak.

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