umreb78 wrote
"If I were booking bets, I'd make the following prop:
If Obama is elected, between election day and the end of the year, the Dow will lose ___%. I make the O/U 35%."
Investors having unrealized gains will sell those stocks in order to preserve the 15% tax rate on their gains as opposed to paying 30% after Barack takes office. The massive sell / buy imbalance will produce a sell off that will rival Black Monday in '87...I'm not such an alarmist that I think we'll revisit '29, but you never know.[/QUOTE]
You wrote: Looks like you lost that bet. I think the dow rose 45%.
I based my response to your comments on the above. No worries, just trying to be fair
No doubt it has improved dramitically since he took over. Now if we can only avoid the "double dip" that everyone is worried about.
I am definitely pulling for him and our country.
"If I were booking bets, I'd make the following prop:
If Obama is elected, between election day and the end of the year, the Dow will lose ___%. I make the O/U 35%."
Investors having unrealized gains will sell those stocks in order to preserve the 15% tax rate on their gains as opposed to paying 30% after Barack takes office. The massive sell / buy imbalance will produce a sell off that will rival Black Monday in '87...I'm not such an alarmist that I think we'll revisit '29, but you never know.[/QUOTE]
You wrote: Looks like you lost that bet. I think the dow rose 45%.
I based my response to your comments on the above. No worries, just trying to be fair
No doubt it has improved dramitically since he took over. Now if we can only avoid the "double dip" that everyone is worried about.
I am definitely pulling for him and our country.
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