Politics Sparks Stock Sell-Off: Harry Reid Notes Little Progress On Fiscal Cliff Talks With GOP

Politics is an ugly thing.  With ongoing negotiations surrounding the fiscal cliff in Washington, the top Democrat in the Senate, Harry Reid, sparked a risk-asset sell-off on Tuesday after noting ?little progress? had been made between his party and the GOP.  Stocks fell markedly despite good housing data from the Case-Shiller index and a deal on Greek debt that reduces uncertainty in Europe.