On 11/07/2012 09:22 AM, Michael Madigan wrote:
America loves 4 more years.
http://finance.yahoo.com/q;_ylt=Ah5H5txzIYQhxMiFLaAP.FOiuYdG;_ylu=X3oDMTIyMGRkaG9uBG1pdANGaW5hbmNlIEZQIE1hcmtldCBTdW1tYXJ5IDIEcG9zAzUEc2VjA01lZGlhUXVvdGVzTWFya2V0U3VtbWFyeQ--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3?s=^dji
Investors are probably selling long term stocks that would result in
capital gains taxed at a 15% rate in effect through the end of 2012.
The rate on capital gains is likely to go up next year to 20%, or even
be taxed at ordinary income rates. The stock market should settle down
shortly and, I hope, begin a steady increase through at lest next year.
Regards,
LelandJ
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