What the Fiscal Cliff Means for Investors
Beyond the rhetoric and posturing in Washington, what does the fiscal cliff mean for investors?
The phrase is usually accompanied by dire warnings about what will happen to the nation's economy if the country fails to avert the fiscal cliff.
Even talk about a possible compromise has sent shivers up investors' spines.
One compromise would cap the tax exemption on municipal bonds - a tax break in effect since 1913. That has sent investors in that segment of the bond market scurrying for cover.