Those wealthy people who invest regularly are pulling their money out of the market and will continue to do so before the new year, because the new year brings a higher capital gains tax, courtesy our newly elected President.
It will unfortunately take both the stock market and the economy time to turn around, and Obama cannot do much of anything until he actually becomes President. We are stuck with the old admin. until Jan 20. Even then, as he has said, it will still take time, as nothing can be done overnite.
I bid us all to have some patience……as this didn’t happen overnight either……been coming for a long time…
I thought the market was supposed to be all magically fixed and such when P.E. Obama became, well, P.E.???
Those wealthy people who invest regularly are pulling their money out of the market and will continue to do so before the new year, because the new year brings a higher capital gains tax, courtesy our newly elected President.
You may not see a rise for quite some time.
It will unfortunately take both the stock market and the economy time to turn around, and Obama cannot do much of anything until he actually becomes President. We are stuck with the old admin. until Jan 20. Even then, as he has said, it will still take time, as nothing can be done overnite.
I bid us all to have some patience……as this didn’t happen overnight either……been coming for a long time…