So here's my prediction on what is about to happen.
1 - On Dec 14th, the House adjourns with no solution to the fiscal cliff. The Senate is TBD. Smart people start to exit the markets; the other 99% think they have a couple of weeks.
2 - Sometime the week of Dec 17th, the Senate will adjourn. The markets will tank and helicopter Ben will fight it - after all, best take your profits now before the tax hikes (and with no solution, tax hikes will hit like 95% of Americans).
3 - By Dec 21st, the markets will be wrecked and there will be hoarding and bank runs. People will think the Mayans were right.
And maybe they will have been, b/c that would mark the 'end of an Age' right?
Let's see how that goes, just 2 weeks away.
Edit, Fiscal Cliff in a Nutshell :
Among the laws set to change at midnight on December 31, 2012, are the end of last year’s temporary payroll tax cuts (resulting in a 2% tax increase for workers), the end of certain tax breaks for businesses, shifts in the alternative minimum tax that would take a larger bite, the end of the tax cuts from 2001-2003, and the beginning of taxes related to President Obama’s health care law. At the same time, the spending cuts agreed upon as part of the debt ceiling deal of 2011 will begin to go into effect. According to Barron's, over 1,000 government programs - including the defense budget and Medicare are in line for "deep, automatic cuts."