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Posted by: MotiGui 1 year, 1 month ago

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MotiGui1 year, 1 month ago

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Market went up 800 points the day of the election and went down the day after and today so far. Nothing unusual, investors are selling and taking profits. Time to buy is now when the market is down, it will recover in 2009 but Obama MUST make this a priority NOW and not in January. January is the time to implement the change that is being discussed now.

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  nostalgia1 year, 1 month ago
  
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  "Nothing unusual, investors are selling and taking profits."
  
  Wouldn't you take profits now when Obama already said he was going to increase the capital gains tax?
  
  "January is the time to implement the change that is being discussed now"
  
  What change would that be?
  
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    jovial1 year, 1 month ago
    
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    "“The top capital-gains rate for families making more than $250,000 would return to 20% -- the lowest rate that existed in the 1990s and the rate President Bush proposed in his 2001 tax cut. A 20% rate is almost a third lower than the rate President Reagan set in 1986,” wrote Obama advisors Jason Furman and Austan Goolsbee in Thursday’s Wall Street Journal. "
    
    It sits at 15% now.
    
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      krystaleahs1 year, 1 month ago
      
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      They compare the cap gains rate to Reagan to soften the blow. Regardless, the investors are being cautious.
      
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      CajunChamp1 year, 1 month ago
      
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      In May 2006, lawmakers agreed to extend this tax break for investors for another two years. Now capital gains and qualified dividends will continue to be taxed at 15 percent (or 5 percent for lower-income taxpayers) through 2010.
      
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    CajunChamp1 year, 1 month ago
    
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    "What change would that be?"
    
    The change that Obama promised would happen immediately, the economic recovery. That's what has Wall Street concerned at the moment.
    
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  bigG1 year, 1 month ago
  
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  He can't do anything until January, and even then it will take time for any policy changes to have an effect. Whether you like it or not, we are in a recession and it doesn't appear to be a short one.
  
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    CajunChamp1 year, 1 month ago
    
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    It's not the actual change but rather the plan itself that if it has merit will soften Wall Street a bit.
    
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