The day after President Barack Obama won re-election, the Dow Jones Industrial Average lost 300 points as investors fretted about the prospect of Congress and the President failing to reach a compromise and allowing the country to fall off the so-called "fiscal cliff" and into a recession.

But, many investment strategists suspect there will be an 11th-hour deal to avert the fiscal cliff, or at least postpone it long enough to give a new Congress time to hammer out a compromise.

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