Not until all the gains are sold.  

----- Original Message -----
From: lelandj <[email protected]>
To: ProFox Email List <[email protected]>
Cc: 
Sent: Wednesday, November 7, 2012 10:50 AM
Subject: Re: [OT] Dow Jones down 240

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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