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Actually, the moment AP released the news Obama had won enough delegates to seal the nomination the market started to tank. Go look at the news release time and look at the intraday chart.
Listen, Obama is going to raise (if elected) Capital Gains taxes its natural for those that would effect would react negatively. Can you blame them? Take your gains while you pay a lower tax rate.
My boy Ron Paul is out of the race...just preparing to pay higher taxes, more regulation, and the government to interfere more in my life. But at least I have my family and the stock market, we'll adjust.
6 Comments:
Yeah everytime Obama wins something, CNBC will have you believe the dow sells off
Hi!
Thank you for stopping by as well as taking the time to post your comment. It is appreciated.
I am not CNBC - as a matter of fact, I didn't even watch it today.
However, as you can see...
btw, I think it is terrific news about Obama! A historical one for sure!
Stop by more often!
Actually, the moment AP released the news Obama had won enough delegates to seal the nomination the market started to tank. Go look at the news release time and look at the intraday chart.
Listen, Obama is going to raise (if elected) Capital Gains taxes its natural for those that would effect would react negatively. Can you blame them? Take your gains while you pay a lower tax rate.
Market Spec,
Thanks for your opinions.
btw, I hope all is well with you.
yes, just busy with stuff...hope all is well with you!
My boy Ron Paul is out of the race...just preparing to pay higher taxes, more regulation, and the government to interfere more in my life. But at least I have my family and the stock market, we'll adjust.
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