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   Strategies & Market TrendsBuy and Sell Signals, and Other Market Perspectives


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To: Brian Sullivan who wrote (43038)1/2/2013 3:16:15 PM
From: robert b furman
1 Recommendation   of 179944
 
Heck they did pass the Bush Tax cuts - except for those couples who make over $450,000.
Of course as far as the first $450,000 income is concerned for those who make more than that cap - they get the benefit up to that level.

They made it permanent not renewable - that is important to me.

I remember 20 % cap gains taxes and on dividends - it was at the same time we had a powerful bull market 1999-2000.

I've not made that kind of market money since.

Now to strangle entitlement control day by day and we'll have avery good market IMO.
Note to file I'm a staunch conservative and a long time Young Republican so that's my spin on it.

Strangely it seems the Dems guard capital gains at low taxation rates and boost cap gains when benefactors have to pay more.Perhaps just my paranoia.LOL

Bob

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To: Brian Sullivan who wrote (43038)1/2/2013 3:38:40 PM
From: Fiscally Conservative
   of 179944
 
Gotcha ya. Good Luck to you and Thank You for your reply.

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To: robert b furman who wrote (43039)1/2/2013 3:43:26 PM
From: Fiscally Conservative
   of 179944
 
Curious to know how Congress is going to pay for these 'permanent' Bush Tax Cuts. ?
Can anyone quantify the estimated dollar value on the tax generated for those incomes above $450K ?
These clowns must still believe in Santa. What could I be missing?

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To: Keith Feral who wrote (43033)1/2/2013 3:51:30 PM
From: GROUND ZERO™
   of 179944
 
I agree, this is why I wrote at the money calls on all my SP and NQ longs... also, the dollar looks like it wants to rally, and this is why I'm now short gold and silver, especially since my model's buy signal for gold looks like it will be rejected today... short gold and silver is beginning to look like a good trade position...

GZ

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To: Fiscally Conservative who wrote (43041)1/2/2013 3:51:56 PM
From: robert b furman
   of 179944
 
They were only cuts for about 12 hours.

Once Bush's cuts expired - they become cuts.

Playing with words are not they.

Bloomberg indicated the 4.6 percent tax increase (from 35% to 39.6%) on those couples who make over $450,000 and singles who make over $400,00, would generate 650 billion .Last years very minor cuts in future expenditures will save 1.1 billion so we have a net of 1.75 billion in a world where 4 to 4.5 billion in expenditures are needed.

Wrangling over the debt ceiling and capping out unemplyment benefits to an individual,means testing Social Security, and upping the medicare age requirements could get us so close - that moderate growth ie energy and housing would get us into a non deficit position.

It is a big picture optimistic view to be sure - but it sounds nice.LOL

Bob

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To: Fiscally Conservative who wrote (43041)1/2/2013 3:53:18 PM
From: Brian Sullivan
   of 179944
 
Curious to know how Congress is going to pay for these 'permanent' Bush Tax Cuts. ?
Can anyone quantify the estimated dollar value on the tax generated for those incomes above $450K ?
These clowns must still believe in Santa. What could I be missing?
Ben Bernanke is paying for everything, Obama is running the tab up and wants to keep running trillion dollar deficits forever.

Congress is due to have a showdown on spending cuts in the first week of March.

Tune in then to see what happens.

So where do you put your money??
Equities (foreign or domestic), Gold, Real Estate or Bonds (corporate or government)

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To: penthouse mike who wrote (43021)1/2/2013 7:45:39 PM
From: GROUND ZERO™
   of 179944
 
Staying long the SP and NQ, I have written at the money calls of all of them, but I did cover my short gold and silver this evening...

GZ

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To: FCom777 who wrote (42998)1/2/2013 7:52:45 PM
From: Wayners
   of 179944
 
Fake money buys them security and they have been for the guns for a very long time.

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To: GROUND ZERO™ who wrote (43045)1/2/2013 8:56:08 PM
From: Keith Feral
1 Recommendation   of 179944
 
The monthly price for the DOW hit the Sept close today at 13412. That keeps the buy signal for the DOW intact for January. Not sure how much backing and filling we might see, but there are a lot of gaps on the charts after today. I won't be shocked at all to see some profit taking tomorrow, especially if the dollar continues to firm. That being said, I'm not sure that 10 year yields are in a position to dip much lower.

I just don't see anything driving the DOW much below 13K this year. Guess that means it's going higher.

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To: Keith Feral who wrote (43047)1/2/2013 9:12:50 PM
From: phlegmish
2 Recommendations   of 179944
 
I don't post often, but when I do....
Have been mostly lurking for years, actually since the early days, back on Suite 101. Have been amazed at how consistently your model catches the really big directional moves, and how you have tweaked it (through your trading acumen) to catch extra points as the market approaches your signals. I loved your post from earlier today, when you discussed going "John Galt"-- that's my plan, too in the next couple of years. As an MD, I am totally fed up with what the government and insurance companies have done to our profession, the ridiculous regulations, the mandated EMRs that were shoved down our throats by Obama, the ridiculously long days for an ever shrinking paycheck (I make 45% of what I made in 2000), and now, as an evil 2%er, having a target placed on my back by the new tax code is really the final straw. Unlike my business partners, I have saved fastidiously, and am in a position to walk away shortly. I plan to work 25% less this year, and will prob make 45% less than last year, which gets me well under the highest tax rate (I have a fair amount of passive income from other business investments), but my plan is to be as John Galt as possible within 3-4 years.
See you on the bike trail.

What a day!!

(This was a response to an earlier GZ post, not to Keith's)

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