The problem with socialism is that you eventually run out of other people's money. ~Margaret Thatcher
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.
Check out some of my longer posts at http://sportstwo.com/blog/ if you'd like.
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.
"I don’t like to speak badly of people. I have grown up thinking and being told that if you cannot say something nice about someone, you should not say anything at all. But I must break that rule in this case because I hate Hulk Hogan very much. He is a big ugly goon and I want to smash his face."
- Andre the Giant
If it drops another 200, I'm buying.
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%)
Last edited by magnifier661; 11-07-2012 at 09:46 AM.
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.
"The chances of going off the cliff probably just increased," says Ed Yardeni, chief investment strategist at Yardeni Research.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.All other issues aside, "the re-elected president must immediately act to avoid the fiscal cliff," says David Kotok, chief investment officer at Cumberland Advisors. "Massive negotiations lie ahead."
the dow dropping that much is not going to happen without an external factor. complete marlarky!
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