KD in CA Posted November 5, 2008 Share Posted November 5, 2008 Wall Street celebrates Obama's victory! Link to comment Share on other sites More sharing options...
bills_fan Posted November 5, 2008 Share Posted November 5, 2008 Oddly, the only green number I have on my screen from among the 100 or so stocks I usually track is Yahoo. Link to comment Share on other sites More sharing options...
YellowLinesandArmadillos Posted November 5, 2008 Share Posted November 5, 2008 Then there is no need to worry about Cap Gains tax increases.... there aren't any. Link to comment Share on other sites More sharing options...
TPS Posted November 5, 2008 Share Posted November 5, 2008 Wall Street celebrates Obama's victory! I was wondering who was going to try and link today's market to the election...I expected dumber...err...wacka to do it... Link to comment Share on other sites More sharing options...
VOR Posted November 5, 2008 Share Posted November 5, 2008 This is a surprise to anyone? Link to comment Share on other sites More sharing options...
justnzane Posted November 5, 2008 Share Posted November 5, 2008 This is a surprise to anyone? Well, it went up yesterday. Our stock market is not stable, it will take time to do so. Regardless of who is in office, it is safe to say that the markets will not be stable for quite some time. Link to comment Share on other sites More sharing options...
DC Tom Posted November 5, 2008 Share Posted November 5, 2008 I was wondering who was going to try and link today's market to the election...I expected dumber...err...wacka to do it... But I think KD was being sarcastic. Wacka, had he posted it, would have been serious. Market was down 5% today? I stopped following, since I no longer have any need for a 401k or IRA, because Obama will take care of me... Link to comment Share on other sites More sharing options...
IDBillzFan Posted November 5, 2008 Share Posted November 5, 2008 Market was down 5% today? I stopped following, since I no longer have any need for a 401k or IRA, because Obama will take care of me... I got bad news for you, Peggy... Link to comment Share on other sites More sharing options...
Chef Jim Posted November 5, 2008 Share Posted November 5, 2008 Then there is no need to worry about Cap Gains tax increases.... there aren't any. That's where you're wrong. Your mutual funds will be down 30-40% and you'll pay cap gains on them. I know you're only busting nuts but there will be some very confused people when they open ther MF 1099s next year. Link to comment Share on other sites More sharing options...
Chef Jim Posted November 5, 2008 Share Posted November 5, 2008 Well, it went up yesterday. Our stock market is not stable, it will take time to do so. Regardless of who is in office, it is safe to say that the markets will not be stable for quite some time. I thought this market down turn was Bush's fault. Link to comment Share on other sites More sharing options...
KD in CA Posted November 5, 2008 Author Share Posted November 5, 2008 But I think KD was being sarcastic. Wacka, had he posted it, would have been serious. Market was down 5% today? I stopped following, since I no longer have any need for a 401k or IRA, because Obama will take care of me... I figured I'd reel a few in with that one.....it was real hard to predict a down day after a week long run up of 20%. Link to comment Share on other sites More sharing options...
GG Posted November 5, 2008 Share Posted November 5, 2008 That's where you're wrong. Your mutual funds will be down 30-40% and you'll pay cap gains on them. I know you're only busting nuts but there will be some very confused people when they open ther MF 1099s next year. Not unless they sell out of the funds by the end of Nov Link to comment Share on other sites More sharing options...
stuckincincy Posted November 5, 2008 Share Posted November 5, 2008 That's where you're wrong. Your mutual funds will be down 30-40% and you'll pay cap gains on them. I know you're only busting nuts but there will be some very confused people when they open ther MF 1099s next year. Stop spreading those dirty secrets about constructive receipt and clever variants of same, will ya? Heaven forbid Pelosi's words in the past about one's 401k money being taken and put into government coffers for a safe rate of return happen . Or do I misconstrue? Dunno...color me confused. Link to comment Share on other sites More sharing options...
erynthered Posted November 5, 2008 Share Posted November 5, 2008 I got bad news for you, Peggy... I love the Peggy references. Link to comment Share on other sites More sharing options...
Wacka Posted November 6, 2008 Share Posted November 6, 2008 I worked down in the Financial district in SF today (across from the Transamerica Pyramid). I didn't see any happy faces today. I did see the results after the market closed (their day ends about 1:30 here). Didn't surprise me in the least. I was just surprised it wasn't larger. At least I had a good lunch in Chinatown. Link to comment Share on other sites More sharing options...
Boomer860 Posted November 6, 2008 Share Posted November 6, 2008 Then there is no need to worry about Cap Gains tax increases.... there aren't any. You got that one right. You know you learn about basics economics ,stocks , bonds etc. The one thing which they could never factor in to money management , trading etc. , is corruption. Some people need prosecution and jail until that time the market will continue to tank. As they say ,you aint seen nothing yet. Link to comment Share on other sites More sharing options...
Chef Jim Posted November 6, 2008 Share Posted November 6, 2008 Not unless they sell out of the funds by the end of Nov Who knows to do that? Link to comment Share on other sites More sharing options...
TPS Posted November 6, 2008 Share Posted November 6, 2008 But I think KD was being sarcastic. Wacka, had he posted it, would have been serious. Market was down 5% today? I stopped following, since I no longer have any need for a 401k or IRA, because Obama will take care of me... I thought about adding that I knew KD was being sarcastic, but since he included the little smilie thing, I accepted it for what it was. In fact, my open invitation to who was "dumb" vs. dumber was just that, open...not meant for KD. Link to comment Share on other sites More sharing options...
BigAL Posted November 6, 2008 Share Posted November 6, 2008 Wall Street celebrates Obama's victory! Totally off topic. That is one hell of an avatar Link to comment Share on other sites More sharing options...
erynthered Posted November 6, 2008 Share Posted November 6, 2008 So far. Another great day on the market. Link to comment Share on other sites More sharing options...
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