| To: Fiscally Conservative who wrote (43037) | 1/2/2013 2:55:06 PM | | From: Brian Sullivan | | | | I have mostly value stocks with low PE and high dividend payers. I was wrong about Congress being unable to pass the Bush Tax cuts. I think that this will eventually be seen as a victory for the Republicans and I am happy with the bill that was passed.
Also I believe that the trend for the market will be up at least until the middle of February. |
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| To: Brian Sullivan who wrote (43038) | 1/2/2013 3:16:15 PM | | From: robert b furman | | | | 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: robert b furman who wrote (43039) | 1/2/2013 3:43:26 PM | | From: Fiscally Conservative | | | | 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™ | | | | 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 | | | | 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 | | | | 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: GROUND ZERO™ who wrote (43045) | 1/2/2013 8:56:08 PM | | From: Keith Feral | | | | 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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