The S&P 500 closed out 2012 up 13.4% for the year and had its strongest day in more than a month. Ron Florance, managing director of investment strategy for Wells Fargo Private Bank, told Reuters that optimism over a possible fiscal cliff deal may have contributed to the market ending the year on a high note. “The worst news could have been the president coming out and saying, ‘We don’t have a deal and we’ve giving up,’ and he didn’t say that.” [Source: Reuters]