reagan economist favors tax increase
On Thu, 8 Jul 2010 10:34:13 -0400, I am Tosk
wrote:
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?
Fourth Quarter, 2011, first quarter, etc.
--
John H
All decisions are the result of binary thinking.
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