To: Kirk © who wrote (11891) | 10/28/2010 8:19:33 PM | From: da_cheif™ | | | im not worried at all about inflation....i embrace it.......i fear deflation......it would be a disaster.....now that the world is in a mad rush toward free enterprise......something i promised after the crash of 87 and the down fall of communism ....the die was cast long ago for the head long rush into a world wide explosion in free enterprise and an inflationary economic world wide boom of unparalleled proportions.......bet on it and hang on to your hats.....those that bet on it with me at gold 255 and dow 1600 are very confortable.....the noze bleeds that are coming and in some respects now underway will be frightening |
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To: Honey_Bee who wrote (11883) | 10/28/2010 9:48:35 PM | From: GROUND ZERO™ | | | FOR FRIDAY, A TRADE BELOW 1171.40 WILL TRIGGER A SELL SIGNAL, A CLOSE BELOW THAT PRICE WOULD CONFIRM THAT SELL SIGNAL...
GZ |
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To: Gary105 who wrote (11890) | 10/28/2010 10:10:09 PM | From: Honey_Bee | | | One more thing to consider is that unless the lame-duck congress takes action, ALL taxes, for everyone (who pays taxes), are going up January 1, 2011.
I'm not sure how mutual fund managers will deal with that during the remainder of this year...
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To: Honey_Bee who wrote (11896) | 10/28/2010 10:29:13 PM | From: Hawk | | | You need to sell in November because of the wash sale rules. Pay a lower tax this year and buy back it in January. Many funds year end also end on October 31.Will they sell after that? Many have been waiting to see what Congress was going to do. Now you can't take a chance. But this is the month investors need to sell. Will the PPT step in is the question? |
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To: da_cheif™ who wrote (11894) | 10/29/2010 12:35:22 AM | From: Kirk © | | | yup. I agree. I heard today the world is awash in cash... State Street's global sentiment index, that I track but been too busy to post the new chart... down near March 2009 fear level... people too scared to invest other than US Bonds, CDs, etc. for most... all that cash gots to go somewhere and inflation is too much $ chasing too few goods... so when they decide it is safe to invest... look out |
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To: Hawk who wrote (11897) | 10/29/2010 12:36:34 AM | From: Kirk © | | | no.. wash sales rules only apply for loses. The IRS is happy if you sell to pay a cap gain tax then buy the stock right back... so I've been told. |
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To: da_cheif™ who wrote (11894) | 10/29/2010 5:37:36 AM | From: Litore Lapis | | | kool. too much inflation would put a brake on things though, and I fear that the fearful folks in control do want the normal folks to be on the happy side. Hope it works though. |
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To: Kirk © who wrote (11899) | 10/29/2010 7:18:33 AM | From: robert b furman | | | Hi Kirk,
I too have been told that no wash rule is only looked at during sales of equities in December that generate a loss and then to keep that loss legit you must wait 30 days into January.
With regards to the gains - if they disallowed them,then they'd be saying the gain didn't count and it could then be pushed into lower tax bracket if when capital gains applied - so it is counter productive.
Soo - if you want to take advantage of lower cap gains tax - now is a good time to sell, and buy back in late December when Joe 6 pack wakes up and creates selling pressure (and 30 day wash rule is satisfied). |
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