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Transcripts For CNBC Mad Money 20121128

we may very well go over the fiscal cliff come january and i want to be ready to climb back out with the right stock after it happens. you can t come from a given day like today, dow 107 points, hey, happy days are here again, right? this is a day where my equipment felt a little felt a little superfluous because we had all sorts of happy talk for a bunch of people in washington about how compromise was within reach. however, i think it s been increasingly apparent that we actually may not get a deal in time of the january deadline, something warren buffett pointed out. you don t need to change your philosophy just because we cliffed you. long term it might not matter. not all of you share his sangwin multi-year view of stocks. he can afford to take the long view. if we take the plunge over the cliff, it can cost everyone $2 million, makes everyone pay more in taxes. i don t really want to have this gear. the president said today he thought a deal could be done by christmas

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