Robert Williams Posted November 5, 2008 Report Share Posted November 5, 2008 Reality has started to sink in and the markets aren't reacting well to the "change". Link to comment Share on other sites More sharing options...
fishnmagician Posted November 5, 2008 Report Share Posted November 5, 2008 doesn't this happen EVERY time Bush is on the TV?!!? seriously with the rollercoaster ride the Market has been on, it's a little silly to read into one day. Eggy 10-13 LAA 7-14 50-50 2-15 Link to comment Share on other sites More sharing options...
The Dude Posted November 5, 2008 Report Share Posted November 5, 2008 Obama controls the markets? Who knew? I'm sure the market isn't reacting to economic data, but is showing a knee jerk reaction to an election that was a foregone conclusion weeks ago. Link to comment Share on other sites More sharing options...
fishnmagician Posted November 5, 2008 Report Share Posted November 5, 2008 maybe scared rich folk selling low because they are afraid of capital gains taxes, might make some buying opportunities. Eggy 10-13 LAA 7-14 50-50 2-15 Link to comment Share on other sites More sharing options...
Robert Williams Posted November 5, 2008 Author Report Share Posted November 5, 2008 Obama doesn't control the markets, you big silly! People who are smart enough to know what Obamanomics will do to the economy control the markets. Link to comment Share on other sites More sharing options...
mikematt Posted November 5, 2008 Report Share Posted November 5, 2008 Obama controls the markets? Who knew? Soon he will. After all, the current market downturn is all Bush's fault , so it must rest on the POTUS. Link to comment Share on other sites More sharing options...
mikematt Posted November 5, 2008 Report Share Posted November 5, 2008 maybe scared rich folk selling low because they are afraid of capital gains taxes, might make some buying opportunities. For who? Wouldn't the new buyers then have to pay the same higher CG tax when they sell . Link to comment Share on other sites More sharing options...
fishnmagician Posted November 5, 2008 Report Share Posted November 5, 2008 For who? Wouldn't the new buyers then have to pay the same higher CG tax when they sell . gee, wouldn't it suck to buy stock low, and have to pay tax on all the money I might make 10 years from now if I sell it. I don't want to make money if I gotta pay tax!!!! Eggy 10-13 LAA 7-14 50-50 2-15 Link to comment Share on other sites More sharing options...
Brian Posted November 5, 2008 Report Share Posted November 5, 2008 Obama controls the markets? Who knew? I'm sure the market isn't reacting to economic data, but is showing a knee jerk reaction to an election that was a foregone conclusion weeks ago. I decided I'm going to eat you second since I don't like people whose names begin with prepositions. A whiter shade of pale.... Link to comment Share on other sites More sharing options...
ToddMan Posted November 5, 2008 Report Share Posted November 5, 2008 wheres the stoopid? I'm lost <*)))><Stan Gibbs Cape Cod Canal Fishermans Classic Link to comment Share on other sites More sharing options...
Wayne Tj Posted November 5, 2008 Report Share Posted November 5, 2008 Obama controls the markets? Who knew? I'm sure the market isn't reacting to economic data, but is showing a knee jerk reaction to an election that was a foregone conclusion weeks ago. The perception of the president's policy and his ability to appoint Treaury Secretaries and the Chairman of the Federal Reserve have a major impact on world markets. The euphoria is over and reality is settling in with the realization that we have no clear course to steer us thru this mess. Not to mention talk of a Oprah ambassadorship America, the country so great that even its haters refuse to leave. Link to comment Share on other sites More sharing options...
new braintree Posted November 5, 2008 Report Share Posted November 5, 2008 maybe scared rich folk selling low because they are afraid of capital gains taxes, might make some buying opportunities. No gains in this market!! But, there is also a fear of a dividend tax Link to comment Share on other sites More sharing options...
jeffw Posted November 5, 2008 Report Share Posted November 5, 2008 Reality has started to sink in and the markets aren't reacting well to the "change". the smart money buys low and sells high, it's as predicable as the tides. bump it up on tuesday, take profits wednesday.....but you know that don't you? Link to comment Share on other sites More sharing options...
mikematt Posted November 5, 2008 Report Share Posted November 5, 2008 gee, wouldn't it suck to buy stock low, and have to pay tax on all the money I might make 10 years from now if I sell it. I don't want to make money if I gotta pay tax!!!! maybe scared rich folk selling low because they are afraid of capital gains taxes, might make some buying opportunities. I like your use of the word "rich". No class warfare tactics here . Although I do agree with your 10 year selling horizon. Hopefully by then the messiah's tax increases will have been rolled back and selling would be a better option . Link to comment Share on other sites More sharing options...
Robert Williams Posted November 5, 2008 Author Report Share Posted November 5, 2008 I think this is the market's reaction to the laughable notion of "trickle-up" economics. Link to comment Share on other sites More sharing options...
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