Stock market set to rocket on prospects of Obama Presidency (up 250 points already)

[CDMA ENG]

May I remind you, Breeze, that you are on record now. I dont know why you insist that free market pricipals are returning. Nothing I have heard from EITHER canidate support this.

I will not be relieved when this election is over. I will not be relieved in the first 100 days.
I may be relieved in about mid 2010.
So until then the party is pre-mature and really…

I don’t know how to say this politely so I will just say it.

Your kind of acting like an ass.

I am voting against you today but only by a slim margin. My money is that OB will win and I sincerely hope that he is all that your “koolaide” drinking team says he is. If he lives up to it I will give him my vote for another four.

But here is my prediction.

Whoever wins this one won’t get another one.

OB or McCain will not be able to solve the economy. Only a truely free market will do that; That is after all why Rich started this site (in a manner). Niether canidate believe in free markets and my personal Guru on this, SDDuuuude, has open my eyes. Goverment should do this… Goverment will do that is all that I hear from both. Goverment… Should not do s#$t!

So for you to justify markets conditions based on this or that correlation just goes to prove that you, like a lot of others on both sides of the fence, stopped thinking critically long ago.

Take care,

Oink,

CE

[Coronita]

[quote=CONCHO]Don’t worry Breeze. If you were to make any money on any rebound in the stock market, it will be nicely taxed once you exceed $250k a year. And if it doesn’t push you over $250k, well it’s not really significant to be worth talking about, especially not enough to offset your 201k.

Remember that we have progressive taxation. So, let’s say you go from a $250K to a $300K TAXABLE INCOME (after mortgage interest deduction, business expenses, 401K contributions, etc…). Under Obama’s plan you will pay an additional 3% (from 36% to 39%) on that 50K ONLY. That works out to an additional $1500. Somehow I don’t think people are going to stop trying to earn more money just to avoid paying that small amount of extra tax.

And as I’ve said before on this board, if you have $250K annual TAXABLE INCOME (not gross), you are doing allright and I’m not gonna worry about you.[/quote]

You’re forgetting short term cap gains are taxed at ordinary income. Also, don’t forget, if it’s long term cap gains, those lowered cap gains treatment won’t apply to you know if over $250k.
Also don’t forget the no-cap rule on Social Security.

Great, so you can pay for us then,
Please send me a check to:

FLU
666 Spread The Wealth
Poor House, CA 92130

[Coronita]

[quote=CONCHO]Don’t worry Breeze. If you were to make any money on any rebound in the stock market, it will be nicely taxed once you exceed $250k a year. And if it doesn’t push you over $250k, well it’s not really significant to be worth talking about, especially not enough to offset your 201k.

Remember that we have progressive taxation. So, let’s say you go from a $250K to a $300K TAXABLE INCOME (after mortgage interest deduction, business expenses, 401K contributions, etc…). Under Obama’s plan you will pay an additional 3% (from 36% to 39%) on that 50K ONLY. That works out to an additional $1500. Somehow I don’t think people are going to stop trying to earn more money just to avoid paying that small amount of extra tax.

And as I’ve said before on this board, if you have $250K annual TAXABLE INCOME (not gross), you are doing allright and I’m not gonna worry about you.[/quote]

You’re forgetting short term cap gains are taxed at ordinary income. Also, don’t forget, if it’s long term cap gains, those lowered cap gains treatment won’t apply to you know if over $250k.
Also don’t forget the no-cap rule on Social Security.

Great, so you can pay for us then,
Please send me a check to:

FLU
666 Spread The Wealth
Poor House, CA 92130

[Coronita]

[quote=CONCHO]Don’t worry Breeze. If you were to make any money on any rebound in the stock market, it will be nicely taxed once you exceed $250k a year. And if it doesn’t push you over $250k, well it’s not really significant to be worth talking about, especially not enough to offset your 201k.

Remember that we have progressive taxation. So, let’s say you go from a $250K to a $300K TAXABLE INCOME (after mortgage interest deduction, business expenses, 401K contributions, etc…). Under Obama’s plan you will pay an additional 3% (from 36% to 39%) on that 50K ONLY. That works out to an additional $1500. Somehow I don’t think people are going to stop trying to earn more money just to avoid paying that small amount of extra tax.

And as I’ve said before on this board, if you have $250K annual TAXABLE INCOME (not gross), you are doing allright and I’m not gonna worry about you.[/quote]

You’re forgetting short term cap gains are taxed at ordinary income. Also, don’t forget, if it’s long term cap gains, those lowered cap gains treatment won’t apply to you know if over $250k.
Also don’t forget the no-cap rule on Social Security.

Great, so you can pay for us then,
Please send me a check to:

FLU
666 Spread The Wealth
Poor House, CA 92130

[Coronita]

[quote=CONCHO]Don’t worry Breeze. If you were to make any money on any rebound in the stock market, it will be nicely taxed once you exceed $250k a year. And if it doesn’t push you over $250k, well it’s not really significant to be worth talking about, especially not enough to offset your 201k.

Remember that we have progressive taxation. So, let’s say you go from a $250K to a $300K TAXABLE INCOME (after mortgage interest deduction, business expenses, 401K contributions, etc…). Under Obama’s plan you will pay an additional 3% (from 36% to 39%) on that 50K ONLY. That works out to an additional $1500. Somehow I don’t think people are going to stop trying to earn more money just to avoid paying that small amount of extra tax.

And as I’ve said before on this board, if you have $250K annual TAXABLE INCOME (not gross), you are doing allright and I’m not gonna worry about you.[/quote]

You’re forgetting short term cap gains are taxed at ordinary income. Also, don’t forget, if it’s long term cap gains, those lowered cap gains treatment won’t apply to you know if over $250k.
Also don’t forget the no-cap rule on Social Security.

Great, so you can pay for us then,
Please send me a check to:

FLU
666 Spread The Wealth
Poor House, CA 92130

[Coronita]

[quote=CONCHO]Don’t worry Breeze. If you were to make any money on any rebound in the stock market, it will be nicely taxed once you exceed $250k a year. And if it doesn’t push you over $250k, well it’s not really significant to be worth talking about, especially not enough to offset your 201k.

Remember that we have progressive taxation. So, let’s say you go from a $250K to a $300K TAXABLE INCOME (after mortgage interest deduction, business expenses, 401K contributions, etc…). Under Obama’s plan you will pay an additional 3% (from 36% to 39%) on that 50K ONLY. That works out to an additional $1500. Somehow I don’t think people are going to stop trying to earn more money just to avoid paying that small amount of extra tax.

And as I’ve said before on this board, if you have $250K annual TAXABLE INCOME (not gross), you are doing allright and I’m not gonna worry about you.[/quote]

You’re forgetting short term cap gains are taxed at ordinary income. Also, don’t forget, if it’s long term cap gains, those lowered cap gains treatment won’t apply to you know if over $250k.
Also don’t forget the no-cap rule on Social Security.

Great, so you can pay for us then,
Please send me a check to:

FLU
666 Spread The Wealth
Poor House, CA 92130

[an]

[quote=fat_lazy_union_worker]
You’re forgetting short term cap gains are taxed at ordinary income. Also, don’t forget, if it’s long term cap gains, those those lowered cap gains treatment won’t apply to you know if over $250k.
Also don’t forget the no-cap rule on Social Security.

Great, so you can pay for us then,
Please send me a check to:

FLU
666 Spread The Wealth
Poor House, CA 92130
[/quote]
Can I get some of that wealth spreading too? I’ll glad take that check. You can send it to:

asianautica
1 Spread the wealth Way
Ghetto renter, CA 92126

[an]

[quote=fat_lazy_union_worker]
You’re forgetting short term cap gains are taxed at ordinary income. Also, don’t forget, if it’s long term cap gains, those those lowered cap gains treatment won’t apply to you know if over $250k.
Also don’t forget the no-cap rule on Social Security.

Great, so you can pay for us then,
Please send me a check to:

FLU
666 Spread The Wealth
Poor House, CA 92130
[/quote]
Can I get some of that wealth spreading too? I’ll glad take that check. You can send it to:

asianautica
1 Spread the wealth Way
Ghetto renter, CA 92126

[an]

[quote=fat_lazy_union_worker]
You’re forgetting short term cap gains are taxed at ordinary income. Also, don’t forget, if it’s long term cap gains, those those lowered cap gains treatment won’t apply to you know if over $250k.
Also don’t forget the no-cap rule on Social Security.

Great, so you can pay for us then,
Please send me a check to:

FLU
666 Spread The Wealth
Poor House, CA 92130
[/quote]
Can I get some of that wealth spreading too? I’ll glad take that check. You can send it to:

asianautica
1 Spread the wealth Way
Ghetto renter, CA 92126

[an]

[quote=fat_lazy_union_worker]
You’re forgetting short term cap gains are taxed at ordinary income. Also, don’t forget, if it’s long term cap gains, those those lowered cap gains treatment won’t apply to you know if over $250k.
Also don’t forget the no-cap rule on Social Security.

Great, so you can pay for us then,
Please send me a check to:

FLU
666 Spread The Wealth
Poor House, CA 92130
[/quote]
Can I get some of that wealth spreading too? I’ll glad take that check. You can send it to:

asianautica
1 Spread the wealth Way
Ghetto renter, CA 92126

[an]

[quote=fat_lazy_union_worker]
You’re forgetting short term cap gains are taxed at ordinary income. Also, don’t forget, if it’s long term cap gains, those those lowered cap gains treatment won’t apply to you know if over $250k.
Also don’t forget the no-cap rule on Social Security.

Great, so you can pay for us then,
Please send me a check to:

FLU
666 Spread The Wealth
Poor House, CA 92130
[/quote]
Can I get some of that wealth spreading too? I’ll glad take that check. You can send it to:

asianautica
1 Spread the wealth Way
Ghetto renter, CA 92126

[Djshakes]

Yeah breeze, I wouldn’t be waving your flags and jumping around just yet. 300 points is nothing compared to the swings we have been seeing. Also, if OB gets elected, look for huge sell-offs in Dec before the capital gains tax will be implemented. The stock market is driven by a lot of things, including emotion. This is an emotional day in which most people are in a postive mood. If we maintain a steady 300 point gain for over a week after he is elected, I will be optimistic. However, I think any turn around should be attributed to the end of a bearish market as we have seen stocks bouncing off the bottom and consolidating for a couple weeks now. Giving full credit to OB and not the technicals is equal to me praying for rain for the past two weeks and having it actually rain this morning in SD. Besides, all the analyst talk about “stock price drops if OB is elected have already been factored in to current prices” which isn’t a positive connotation. I know you believe he is your Messiah and after he is elected he will simply say “RISE” while making an upward motion with his hands and the DOW will break 12,000, but it isn’t going to be this simple. I wish it was.

[Djshakes]

Yeah breeze, I wouldn’t be waving your flags and jumping around just yet. 300 points is nothing compared to the swings we have been seeing. Also, if OB gets elected, look for huge sell-offs in Dec before the capital gains tax will be implemented. The stock market is driven by a lot of things, including emotion. This is an emotional day in which most people are in a postive mood. If we maintain a steady 300 point gain for over a week after he is elected, I will be optimistic. However, I think any turn around should be attributed to the end of a bearish market as we have seen stocks bouncing off the bottom and consolidating for a couple weeks now. Giving full credit to OB and not the technicals is equal to me praying for rain for the past two weeks and having it actually rain this morning in SD. Besides, all the analyst talk about “stock price drops if OB is elected have already been factored in to current prices” which isn’t a positive connotation. I know you believe he is your Messiah and after he is elected he will simply say “RISE” while making an upward motion with his hands and the DOW will break 12,000, but it isn’t going to be this simple. I wish it was.

[Djshakes]

Yeah breeze, I wouldn’t be waving your flags and jumping around just yet. 300 points is nothing compared to the swings we have been seeing. Also, if OB gets elected, look for huge sell-offs in Dec before the capital gains tax will be implemented. The stock market is driven by a lot of things, including emotion. This is an emotional day in which most people are in a postive mood. If we maintain a steady 300 point gain for over a week after he is elected, I will be optimistic. However, I think any turn around should be attributed to the end of a bearish market as we have seen stocks bouncing off the bottom and consolidating for a couple weeks now. Giving full credit to OB and not the technicals is equal to me praying for rain for the past two weeks and having it actually rain this morning in SD. Besides, all the analyst talk about “stock price drops if OB is elected have already been factored in to current prices” which isn’t a positive connotation. I know you believe he is your Messiah and after he is elected he will simply say “RISE” while making an upward motion with his hands and the DOW will break 12,000, but it isn’t going to be this simple. I wish it was.

[Djshakes]

Yeah breeze, I wouldn’t be waving your flags and jumping around just yet. 300 points is nothing compared to the swings we have been seeing. Also, if OB gets elected, look for huge sell-offs in Dec before the capital gains tax will be implemented. The stock market is driven by a lot of things, including emotion. This is an emotional day in which most people are in a postive mood. If we maintain a steady 300 point gain for over a week after he is elected, I will be optimistic. However, I think any turn around should be attributed to the end of a bearish market as we have seen stocks bouncing off the bottom and consolidating for a couple weeks now. Giving full credit to OB and not the technicals is equal to me praying for rain for the past two weeks and having it actually rain this morning in SD. Besides, all the analyst talk about “stock price drops if OB is elected have already been factored in to current prices” which isn’t a positive connotation. I know you believe he is your Messiah and after he is elected he will simply say “RISE” while making an upward motion with his hands and the DOW will break 12,000, but it isn’t going to be this simple. I wish it was.

[Author]

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