Since Obama was elected, the market is down 2000 points. The Stimulus money--what where and why has yet to be answered.
Tax payers are pissed. Tax payers need money.
Increasing the Capital Gains tax is still on the table. Taxing more on trades is still on the table.
Baby Boomers are now beginning retirement--they are selling like crazy.
Anyone who has bought since 1998 is now underwater.
This all results in long term holders selling massive amounts of positions in the open market and who can blame them? We are going to see some serious new lows in the market and it is coming quicker than most imagined. While we may get a short term bounce that is overdue, we are for sure heading south in a big way.
Don't blame me, I voted for McCain.
At least we can look forward to a new President in 4 years.
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You should thank George Bush and the republicans who always create a mess and leave it for the others to clean.
ReplyDeleteTired of the name
DeleteObama is inexperienced. His comments on America have been anti American. He is a talker not an action man. Bush was an action man. This will be a tough time road for America the next few years.
ReplyDeleteObama is using the stimulus money to pay off Democratic supporters of the campaign. He may also be using it to help foreign muslin nations.
ReplyDelete