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reagan economist favors tax increase
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I am Tosk
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First recorded activity by BoatBanter: Nov 2009
Posts: 2,921
reagan economist favors tax increase
In article ,
says...
If you don't think today is a temporary rally or that stocks won't see
a big sell off right before the taxes go up on the gains, we will just
see won't we?
I know where I am betting my money.
I bet stocks will be a bargain in 1q11 and I bet the big money people
rig themselves a rally in 4q10 but it will be a short one.
Obama won't mind, because even at the lower CG rate, the government
will still get a tax windfall in 2010 and in 2011 they have the tax
hike.
I do think the government needs the money but I am not sure it helps
the recession that just does not seem to be going away.
Forgive me but what the hell is this "4q11" an "1q" etc?
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