There is always a last minute fix, remember the debt ceiling, they fixed that just in time, Greece got bailed out about 98 times just in time, QE 1 2 3 came just in time, TARP came just in time, bernanke is still pumping up the economy with worthless dollars just in time....this fiscal cliff will be fixed last minute and when it does the markets will forget all about today and rally 2-3%. It will be a Christmas Present for all, I think this weekend they will work something out and come Christmas eve there will be presents for everyone!