Discussion in 'Blazers OT Forum' started by ABM, Nov 6, 2012.
up. more quantitative easing for the next 4 years.
Down by a hair
I'll say up about 175 points. general mood of the country is good. it'll be short lived though.
When was the last time the dow was up after an election?
So far the Dow is down 294.31 points. Just as I suspected. Wait until Obama passes the 15% hike on capital gains tax. Housing, Stocks and personal investments are going way down. I expect tons of money will be invested out of this country. Look for China's world economy strength to go up.
The sky is falling, the sky is falling! Chill bro! I'm sure you got some downers lying around somewhere.
If it drops another 200, I'm buying.
The sky has been falling 2 years ago. Now I'm saying "Just as expected, just as expected".
It's going to drop 1,000 points by the middle of next week.
You think? I don't see that happening but if it does then I'm doubling up.
Absolutely man. Do you know what the proposed increas on capital gains is going to be in 2013? They suspect it's going to raise 10-15%. There is no incentive for people to invest man. Many of the 1% will just go over-seas and invest in foreign stocks; keeping the money in tax-sheltered acounts in Switzerland, Caman Islands or Hong Kong. We may see a huge drop in housing as well. Even the middle class won't have incentives to buy housing either; due to captial gains increase. The domino is going to fall and the sky will actually fall for at least 2 more years.
To keep track:
Dow: 12,922.21 (down 323.47 points : -2.49%) It just dropped another 50 points in a few minutes.
NASDAQ: 2,933.57 (down 78.15 points: -2.58%)
Doesn't sound like you are taking the election results well.
I was for Romney because of the economy, but Obama can't jsut snap his fingers and double the capital gains tax (which is a several hour debate in itself). There are exceptions when it comes to gains on your own personal house.
I know you don't like Obama, but he is not out to ruin the country and won't drive this country into bankruptcy. Any decisions made that will impact the country will be done with a team of advisors.
Just the other day you were upset with how much tax you are paying. Meanwhile someone like Romney and Obama make millions each year and pay less than 15% tax on it. Does that sound fair? Personally, I think something should be done with capital gains tax.
It's absolutely fair for the "capital gains incentive". It stimulates spending and reinvestment in the US. Even though I don't have too much invested; doesn't mean I won't be effected by the reduction of the 1% spending in America.
Well if the Dow goes down 1,000 in the next week, maybe I'll start to believe that increasing the capital gains tax will cause a significant decrease in investment in the US.
You will be a believer by next week.
If you are going to invest; do so in Healthcare and green energy. That's the only place the Obama Administration endorses. But be weary of "Green Energy" because there is still a large amount of "What if's" on actual companies that have the gout to stay afloat.
Srill sticking with this prediction?
It'll have to drop 2,000 before I'd buy.
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