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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Let's see...Obama doesn't actually take office til January 21st, and upon stepping into the Oval Office, drafts up a tax plan that immediately makes the rounds in the Legislative branch, is approved and enacted into law before his coffee gets cold...well HECK!!! Hurry up and sell your stocks NOW!!!!!
Yeah...market reaction is a combination of cool, calm intellectuals with nerves of steel who make cautious buy-and-sell decisions after thorough study...right!