HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Economy & Education » Economy (Group) » I think I see what's goin...
Introducing Discussionist: A new forum by the creators of DU

Sat Nov 17, 2012, 09:04 AM

I think I see what's going on with stock market since the election.

Just an opinion, but I think investors are selling off, taking profits, while capital gains tax rates are low.
Bet they'll be buying back in after Jan. 1 at lower prices.
Early 2013 stock market boom?

3 replies, 812 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 3 replies Author Time Post
Reply I think I see what's going on with stock market since the election. (Original post)
trof Nov 2012 OP
JackN415 Nov 2012 #1
JDPriestly Nov 2012 #2
Warpy Nov 2012 #3

Response to trof (Original post)

Sat Nov 17, 2012, 09:28 AM

1. I don't know about that, but I live by what I predicted and planned...

 

I sold off everything way before election.
I expected the market to tank post-election as Obama would win (I was very confident), and the tension on the "so-called" fiscal cliff.

I think it was all bluff, and the "so-called" fiscal cliff, which is worse for its bark than its bite, will be over in a couple month, and the market will roar back.

I bought a bunch and a bunch more. The mistake I made was that I miscalculated the market bottom and bought while it was still on the way down. I just bought more yesterday.

Now, I just have to hold and wait.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to trof (Original post)

Sat Nov 17, 2012, 09:31 AM

2. Precisely! It's absolutely normal for investors to think like that.

The major investors know what is coming. Some may be trying to take their money out of the country. Has anyone been watching the currency exchange rates? I haven't. But we could even see movement there.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to trof (Original post)

Sat Nov 17, 2012, 04:56 PM

3. There are several factors at work, but that's a big one

Some of it is also sour grapes and some of it (believe it or not) is the doomsday prophecy. I wonder if we'll be done with those when the planet is still here in January. Then again, unhappy people are willing to grab at any straw, even having the whole world blown up around them.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread