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Analysis: As fiscal cliff nears, markets ponder a rougher ride

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NEW YORK (Reuters) – When it comes to deficit reduction, many investors would rather Congress "kick the can down the road" again than let 2013 start with a blast of fiscal austerity not seen since the Vietnam War. While hardly optimal, a temporary deal that prevents a plunge over the "fiscal cliff" would stave off recession and buy time for investors to tweak their portfolios. . . .

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