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The Market is Responding to an Obama Possibility.
by Placebo
-1 Reply
People are selling to avoid his promise of a "capital gains" tax. Some have sold off and gone into other avenues. Others have sold off, banked their profits, and retuned to buy up their own stock @ 10% of what they originally paid for it. Remember...for every sale,...there must be a buyer. These big buck buyers are looking "long haul". Obama can't "capital gains" tax you into the poorhouse providing the stock is presently basically worthless and produces little or no capital gains. He won't be around forever. It looks like the market has outsmarted him.
The Market Loves a Dem President
by amfh
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