BoatBanter.com - View Single Post - For those who care about "the markets..."

John H.[_9_]

On Thu, 15 Oct 2009 12:56:58 -0400, wrote:

On Thu, 15 Oct 2009 11:51:58 -0400, wrote:

On Thu, 15 Oct 2009 09:34:37 -0400, Keith Nuttle
wrote:

It might be a good time to pick a "get out alive" price and place your
sell orders.

If you do that you will really lose money. We stuck it out and have
recovered a good chunk of money lost we lost in the pelosi plunge and
obama slide.

OK do what you want but I bet there is a correction and you can buy
your position back for about 60-70%% of where it was when you sold it.

Some day soon it will occur to Wall Street that the American consumer
is broke. The fat cats may still be getting their bonuses but we still
have double digit unemployment and worse "underemployment" where
skilled trades are wearing orange aprons in empty Home Depots.

Real recovery will start when the middle class recovers.That hasn't
happened yet

BTW another reason to get your sell orders in is to lock in your
profits under the Bush capital gains rates. As soon as they get this
health care deal settled, the next step is paying for it and capital
gains will be one place they "stick it to the rich". Right now you
only pay taxes on gains at a max of 15% and it is really even lower
than that for most people. Plan on that creeping up to your ordinary
income rate.

Some of us have a very minor capital loss to apply to the gains. Maybe
there's not such a reason to rush the sale yet.