Stock market – great news about the DOW

I,m an option trader....buying calls and put option for a living.....lately just puts laughing all the way to the bank.....dont just think long alot to be made on the short side
 
Actually... There are several proposals to change the way you can carry forward your losses. Right now if you have a 100K loss and next year you get a 100K gain in stocks, they offset each other because of the loss carry forward and you don't pay tax (essentially the thought is you already paid tax on it once). What they are thinking is phasing out the carry forward loss as you make more money... That's worse than phasing out the itemized deductions IMO.

I think a lot of people now are cashing out of stocks not to get out of the market but to make sure they capture the incredible losses so they won't have to pay taxes as the market improves and if you cash out in a few years (it's usually a smart move). But our friendly scum sucking Barnies up in DC will put a stop to this...

Don't suppose you could post some links on this?

BTW, I remember you referencing this concept (without the income floor) before the election.

I did have some positions that still had positive gains, as of November. Not any more. I liqudated them all and balanced against losses. Rebought the good ones (at a lower price) in January. Not yet sure the "repurchase" part was a good move.

The more I read what this new plan has in it, the more I want to buy guns.

I have heard about "gun shortages" from a few right wing websites the last few monthes. Heh. Actually, might not be a bad idea, considering liberal agendas generally include gun controls.

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What I really find amusing is how the Right Wing pundits have suddenly realized the evils of high deficits. Where were all these people in 2005? Of course, the left side of the isle has few saints. I personally am not overly impressed by that lot in Congress, and feel they are more likely to successfully sabotage Obama than the Republicans.

On one level, I wonder if Obama isn't overplaying the deficit angle deliberately so that he can claim "victory" when things don't turn out so bad. I have seen medium to large buisnesses pull that stunt several times.

On the plus side, we are finally budgeting for the wars that that previous administration always funded with "supplements". On the minus side. . . the growth predictions are just as rosy as those used by the previous administration. Not a good sign.
 
I have heard about "gun shortages" from a few right wing websites the last few monthes. Heh. Actually, might not be a bad idea, considering liberal agendas generally include gun controls.

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I shoot regularly at our local Bass Pro shops indoor range and I frequent the new gun counter. The sales manager told me they sold 53 handguns last weekend. This is a direct response to fear of proposed handgun bills and ammo tax increases. My quick search of the several companies profits show continued progression.

By all means liberals take away my guns so criminals who break the law and carry a gun can shoot me unarmed. :smt021
 
In the hot-bed of liberalism, NYC, the "illegal guns for cash" program is performing swimmingly, according to the talking head idiots on the local news. I guess even the convenience store thieves, crack-heads, drug dealers, pimps, gang members, pro-football players and car-jackers have fallen on hard times.


OF COURSE the President is painting the gloomiest of pictures - he's done that since he was a candidate. If this problem solves itself, he'll claim he solved it. If his stategy fails, he will blame it on the previous 8 years. It's always been a NO LOSE situation for him. The only possible way he loses is if the American people wake up and see through the ruse, realize that extra $13 per paycheck still ain't enough to pay the mortgage and revolt.

What were we talking about again? Oh yeah, the stock market. :grin:
 
Thats why I invest in cars and boats. They are worth little now and low risk of loss. If anythng they are worth more as they get older. Not everybody has a 55 Cadillac and a 40 plymouth. At least I can live in one of them?
 
My dad was a stockbroker. In good times some of his business friends even called him an investment banker. He once told me, "The world's wisest investor is a guy named Joe Hindsight." I've yet to meet old Joe, but I've had lengthy discussions with a number of his younger brothers and cousins. They are all full of ideas as to when to buy this, or sell that, or liquidate everything and move to Belize, but I notice most of them aren't doing too well for their own accounts....I don't think they shared many of Joe's genes.
 
OF COURSE the President is painting the gloomiest of pictures - he's done that since he was a candidate. If this problem solves itself, he'll claim he solved it. If his stategy fails, he will blame it on the previous 8 years. It's always been a NO LOSE situation for him.

<<snip>>

What were we talking about again? Oh yeah, the stock market. :grin:

And the "loyal opposition" is blatantly betting against him. . . hoping to pick up the pieces if he falls. Partisan politics to the very end. . . . I know things have always worked this way, but it just seems to be becoming more and more blatant as time goes on. Some days, it just seems like nobody up there cares about the country.
 
"As bad as things are, they can still get worse, and get a lot worse," said Bill Strazzullo, chief market strategist for Bell Curve Trading. Strazzullo said he believes there's a significant chance the S&P 500 and the Dow will fall back to their 1995 levels of 500 and 5,000, respectively.
 
Not out of the question at all.

Although 1929 to 1932 was 80 years ago, the graphes of then and now are eerily similar.
 
You mean they both have a downward slope?
 
Yes. But more to the point, the "crash" of 29 featured a dramatic quick fall to 50% of the high; followed by a slow decay until a low was reached in 1932 at 20% of the high.

Not saying this is the same. . .most people didn't even have phones in that era, let alone streaming stock tickers, but . . . . . .
 
Partisan politics to the very end

I'm not so sure it's just your typical partisan bickering here. There's sincere philosophical and economic differences btwn what the President believes and what fiscal conservatives believe. History has shown that you can't spend your way out of this type of problem and only the foolhardy don't learn from history.
 
Bright spot??? Oil is down 10% today alone. How unusual that commodities follow the curve of the stock market of late.
 

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