Here's something else that EVERYONE needs to be very wary of.... I've said it in past posts -- but it bears repeating:
If you THINK Obama is going to win -- and the Democrats retain control of the Senate....(the Republicans have control of the HOUSE)... Then you need to be prepared for what will happen regarding taxes etc - and that will have a big impact on dividends/interest etc. Because these folks are bound and determined to raise taxes so they can spend more.
If you THINK Romney is going to win -- then prepare for the market to go UP because people will feel "safe" about their investments and the tax situation.
While this seems like a long time from now --- we have a MAJOR election in NOVEMBER -- mere days from now. We also have these clowns returning from vacation after Labor Day... and they'll all be making a bunch of half witted statements in favor or his or her "guy". These people don't care about "markets" and they don't really care about your investments and or what their half witted statements affect. They're politicians - they only really care about getting and staying in control.
The MARKET will signal early what it thinks about where we're headed. You need to pay attention to this because it WILL affect you. Over a real long term not so much -- and I'm not saying SELL and I'm not saying BUY -- I'm saying PAY ATTENTION and see how it relates to your investments so that you understand why something is or isn't happening.
JUST TO BE PERFECTLY CLEAR --- When I say "these clowns" and "these people" --- I MEAN BOTH SIDES.... Democrats and Republicans
Last edited by GregWeld; 08-31-2012 at 05:50 PM.
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