Quote:
Originally Posted by WSSix
And that's about the only thing I can say without getting political.
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Funny! And yes -- let's not mix politics in here - even though it is important!
Politically we have some giant events ahead of us.... the elections... and the fiscal cliff. IMHO both may provide BUYING opportunities for the long term investor. I'm just MENTALLY preparing myself for a roller coaster of highs and lows. There's really just no way to predict what is going to happen -- and I'm just not going to dump stocks that pay me to own them -- over the possible higher taxes I "might" have to pay on that income. There's also little alternative investment that I can make to earn the same return (total return). So considering I'm just Joe average man --- I think when people really look at what they can do with their money -- the tax issue will not really be such a big deal.
The bigger issue - longer term - is whether all of this gangs up on us and stalls the economy. And IMHO that would be a catastrophe as the FED and the rest of the world is in no position to provide more bail outs etc. We're out of bullets. That's why I think cooler heads will prevail and we'll just keep pluggin' along. OR I should say -- that's my hope -- and that's how I'm going to position my investments... until something happens to change my mind.
