The market continued to move sideways today as economic data was less relevant than Bernie Madoff's thoughts on the CAPM and fund managers don't want to rock the boat (though they'll happily tickle the little man inside of it) this close to year end bonuses. This lack of volatility in the market is less surprising than John Boehner crying over a paper cut (or a tax cut) or finding out that old men still want sex (and you really needed to do a study to for that?).
The big news of the day was that the Senate passed the tax cut plan ensuring the "spend and don't tax" policies of George W. Bush will continue to bankrupt this country for generations to come. It is the Government's ultimate fuck you to anyone who still believes in the Ricardian equivalence proposition or the mathematical concept of compounding.
http://www.zerohedge.com/article/rich-guys-vote-extend-tax-cuts-rich-laughter-trickles-down-middle-class?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29