is the continuing sell off BHO's fault?

[Skull Pilot]

the continued sell off on Wall street despite the bail out may be because of BHO's predicted win on election day.

BHO has stated that he wants to raise capital gains taxes to Clinton era highs of 28% a full 13% higher than they are today. he did modify his position to 20% but that was becasue Bill O'Reilly steered him into saying it. No one believes BHO will stop at 20 % and some believe he won't stop at 28% (yours truly included)

So does it make sense for investors with portfolios not tied up in retirement accounts to sell now and get 85% of their money or sell later and get 72% or less of their money?

Can you say "NO Brainer" ?

 

[sealybobo]

I heard yesterday that instead of using the initial bailout money to give out loans and get things moving, the bankers want to instead start buying up other banks and consolidate their power.

Just like the oil companies were supposed to use the tax breaks to look into alternative fuels, but instead they just kept buying up their own stocks for cheap. Bastards.

 

[Skull Pilot]

what does that have to do with the prolonged sell off we are seeing? and is it because BHO will raise taxes?

 

[indago]

Skull Pilot wrote:
----------------------------------------------------------------------
BHO has stated that he wants to raise capital gains taxes to Clinton era highs of 28% a full 13% higher than they are today.
----------------------------------------------------------------------

How is he going to do that?

 

[Charles_Main]

the continued sell off on Wall street despite the bail out may be because of BHO's predicted win on election day.

BHO has stated that he wants to raise capital gains taxes to Clinton era highs of 28% a full 13% higher than they are today. he did modify his position to 20% but that was becasue Bill O'Reilly steered him into saying it. No one believes BHO will stop at 20 % and some believe he won't stop at 28% (yours truly included)

So does it make sense for investors with portfolios not tied up in retirement accounts to sell now and get 85% of their money or sell later and get 72% or less of their money?

Can you say "NO Brainer" ?

It is at least partly do to the prospects of a Obama presidency with a Democrat congress.

 

[xsited1]

There is no question investors are moving their money out of the stock market in preparation for an Obama presidency and a Democratically-controlled Congress with a super majority. Expect a worldwide recession for at least the next 2 years.

 

[Care4all]

no, it is a crock of partisan crud, is your simple answer!

 

[Diuretic]

You can see the panic all over the world. That must mean Obama is standing for President of the Whole of the World. Yes, that's it of course.

 

[Skull Pilot]

Skull Pilot wrote:
----------------------------------------------------------------------
BHO has stated that he wants to raise capital gains taxes to Clinton era highs of 28% a full 13% higher than they are today.
----------------------------------------------------------------------

How is he going to do that?

DUH

How about with his Dimocrat majority House and Senate

 

[Skull Pilot]

You can see the panic all over the world. That must mean Obama is standing for President of the Whole of the World. Yes, that's it of course.

Foreign Markets mirror ours. Those markets lagged behind ours. When the DJI dipped below 10,000, the foreign markets did not immediately follow suit but the prolonged sell off is now affecting other markets as one would expect

 

[Diuretic]

Foreign Markets mirror ours. Those markets lagged behind ours. When the DJI dipped below 10,000, the foreign markets did not immediately follow suit but the prolonged sell off is now affecting other markets as one would expect

It's not so much mirroring as being interconnected. Who do you think bought all those CDOs? The virus was in there incubating. The damage had been spread by Wall Street right through the global economy. The prospect of Obama as president has nothing to do with the GFC, it has everything to do with the crooks on Wall Street who spread this damn thing like a disease.

 

[jillian]

It's not so much mirroring as being interconnected. Who do you think bought all those CDOs? The virus was in there incubating. The damage had been spread by Wall Street right through the global economy. The prospect of Obama as president has nothing to do with the GFC, it has everything to do with the crooks on Wall Street who spread this damn thing like a disease.

You know he has his hands over his ears right now and is saying "lalalalalalal", right?

He just posts so he can write "BHO"...

 

[Skull Pilot]

What about all the companies who were not involved in mortgage backed securities and that did not heavily invest in them that are being sold off now?

You may say it's the credit crunch but surely there is some measure of capital protection involved with the extended sell off of these equities.

 

[Skull Pilot]

He just posts so he can write "BHO"...

Get used to it. You'll be seeing BHO for the next 4 years at least

Actually if you think about it, i am giving BHO preferential treatment. I refer to the current pres as GW which is not as respectful as GWB. I could refer to BHO as BH or BO I guess

 

[jillian]

Get used to it. You'll be seeing BHO for the next 4 years at least

only from rcist wingnuts, so it's ok.

*oooooh...scawy black man with muslim middle name.... ooooh.... *

 

[Skull Pilot]

only from rcist wingnuts, so it's ok.

*oooooh...scawy black man with muslim middle name.... ooooh.... *

see edited version of post you just responded to

my cat jumped on the keyboard before i finished

 

[Care4all]

Foreign Markets mirror ours. Those markets lagged behind ours. When the DJI dipped below 10,000, the foreign markets did not immediately follow suit but the prolonged sell off is now affecting other markets as one would expect

YOU can't be this obtuse....or maybe you can be, for your own political purposes?

Our markets and finances are all tied together....other foreigners BOUGHT our mortgage backed securities....when we go down, the whole westernized world goes down and alot of the rest of the world too....(we could be the "mystery- Babylon" in the book of revelation where all countries are tied in to her with trade and finances... if you are religious)

The markets continued to go down after the bailout because the problem is MUCH LARGER than the bandaide bailout..... we still haven't been given the TRUTH of how big this situation really is....

wall street knows, the insider financial institutions KNOW...thus they jumped ship...


care

 

[Skull Pilot]

YOU can't be this obtuse....or maybe you can be, for your own political purposes?

Our markets and finances are all tied together....other foreigners BOUGHT our mortgage backed securities....when we go down, the whole westernized world goes down and alot of the rest of the world too....(we could be the "mystery- Babylon" in the book of revelation where all countries are tied in to her with trade and finances... if you are religious)

The markets continued to go down after the bailout because the problem is MUCH LARGER than the bandaide bailout..... we still haven't been given the TRUTH of how big this situation really is....

wall street knows, the insider financial institutions KNOW...thus they jumped ship...


care

we'll see

again the sell off is not just companies hit by mortgage backed securities

 

[jillian]

see edited version of post you just responded to

my cat jumped on the keyboard before i finished

I hate when that happens.

 

[Care4all]

What about all the companies who were not involved in mortgage backed securities and that did not heavily invest in them that are being sold off now?

You may say it's the credit crunch but surely there is some measure of capital protection involved with the extended sell off of these equities.

they are jumping ship because of the pending depression or recession...they see businesses dropping in business... they also are involved because they can not get as much credit...the banks have retreated in to their shells, even with the bqailout money and are not lending to others.