With the fiscal cliff avoided in some ways and postponed in others, the markets reacted with a huge initial rally. Is this the time to alter some of your positions? In this video, Motley Fool financials analysts Morgan Housel and Matt Koppenheffer discuss how risky it can be to try to time the market by making investment decisions on these macro political events rather than investing for the long haul in good companies. They also tell us a bit more about what exactly the next couple of months will look like because of the fiscal cliff deal.
The Fiscal Cliff is Done: What Should You Buy Now?
By Morgan Housel and Matt Koppenheffer – Jan 3, 2013 at 8:16PM
NYSE: BAC
Bank of America
Market Cap
$382B
Today's Change
(-1.00%) $0.52
Current Price
$51.52
Price as of October 21, 2025 at 4:00 PM ET
We've dodged a self-imposed recession for the time being. Should this be the signal to adjust your portfolio?
About the Author
Morgan Housel is the best-selling author of The Psychology of Money and Same as Ever. A former economics and finance columnist for Fool.com and analyst for Motley Fool One, he currently serves as a partner at The Collaborative Fund and on the board of directors at Markel.