Quote:
Originally Posted by mwood
With the biggest post-election day loss in history; almost 500 points down on the Dow. Is it any wonder? Tell people you're going to increase capital gains tax and they're going to pull their money out before the new laws take effect.
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I agree. For people like me at age 39, I don't need my "market money" anytime soon so I won't be touching it. However, if I was 55-60 years old, and I needed that money in the next few years, I'd be selling off all my market stuff too and paying the current cap gains taxes. It seems highly probable that the cap gains taxes are going to go up. Go ObamiNation!