Just a few things I’m reading this morning.  I hope to add more later this morning or in the afternoon:

  • White houses offers up plan on fiscal cliff w/ $1.6 trillion in tax revenue–I think the negotiated number will ultimately end up at $1.2 trillion (NYT)
  • Hedge funds get bullish so it might be best to sell (Alpha)
  • Chinese stocks trading at ridiculously low valuations (Reuters); see also, retail investors bearishness in China could point to a bottom in stocks (PragCap)
  • Gasparino: Buffet’s a ‘mouthpiece’ for the Obama administration (RealClearPolitics)
  • My first customer is now dead (JamesAltucher)