Stock to get crushed in 2013

Discussion in 'Stock Market' started by The Rabbi, May 6, 2012.

  1. The Rabbi
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    The Rabbi Diamond Member

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    Op ed in the WSJ on saturday. He makes an excellent case. Don't look for Obama to do anything about this as he is the one who wants to raise taxes "for the sake of fairness."
    Donald Luskin: The 2013 Fiscal Cliff Could Crush Stocks - WSJ.com

    More at the source.
     
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  2. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Maybe Republicans need to accept the middle class tax cut for the good of the country
     
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  3. The Rabbi
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    The Rabbi Diamond Member

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    The Bush/Obama tax cuts are middle class tax cuts. So why does Obama want to raise taxes, especially as we go into another recession?
     
  4. Avorysuds
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    Avorysuds Gold Member

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    Now that Dems have adopted the "tax cuts" position I wonder what Republican have left... Gays and abortion, lol.

    Don’t tax but spend, Reps did it for years and we have the deficit to show for it, why get all pissy now that Dems found out how to scam the voters. You can just print the cash. This is a great reason the Republican party needs to die off, they are just liberals.
     
    Last edited: May 6, 2012
  5. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    He wants to shift the burden back to where it was before the ill advised Bush tax cuts

    Borrowing money to fund tax cuts for the wealthy?

    Insanity. What's more insane is to keep doing it even though we never got the jobs we were promised
     
  6. The Rabbi
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    The Rabbi Diamond Member

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    Where do you get this shit?
    And how many jobs exactly has Papa Obama actually "created"? His porkulus was a gross failure. His pitiful attempt to pass another porkulus got rejected by his own party.
    Obama's best UE reading was the day he took office. It's been downhill ever since.
     
  7. Toro
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    Toro Diamond Member

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    Mr Luskin doesn't have a very good track record calling the market.

    He thesis may be correct though.
     
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  8. Truthseeker420
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    Truthseeker420 Gold Member

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    I'm not surprised Fox News would say the sky will crash if Obama is elected.
     
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  9. The Rabbi
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    The Rabbi Diamond Member

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    Which part do you think is wrong?
     
  10. Toro
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    Toro Diamond Member

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    I didn't say he was going to be wrong. I just said he has a poor track record.

    My guess is that he could be right. However, the market is likely to discount the news before 2013. So he could be right about what happens but wrong about when it happens.
     

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