12-31-2012, 05:19 PM
Yeah, great day, especially for AAPL. Glad I held my TNA as well.
Of course, we'll have to see if those chuckleheads in Congress will actually pass the deal that's been agreed on.
If not, could be straight back down... And even if they do, while it basically solves the fiscal cliff, it doesn't do much for the deficit, so there will be a lot more wrangling to come. Should be good for stocks in the short term, though. Lots of good things in there to keep people spending - payroll taxes stay the same for most, AMT fixed, unemployment benefits extended, etc.
Plus it looks like they are keeping capital gains at current levels, unless you earn $400k ($450k married) or more, in which case it goes up to 20%. Pretty tame...maybe all those people who sold to pay less taxes will get back in now.
Of course, we'll have to see if those chuckleheads in Congress will actually pass the deal that's been agreed on.
If not, could be straight back down... And even if they do, while it basically solves the fiscal cliff, it doesn't do much for the deficit, so there will be a lot more wrangling to come. Should be good for stocks in the short term, though. Lots of good things in there to keep people spending - payroll taxes stay the same for most, AMT fixed, unemployment benefits extended, etc.Plus it looks like they are keeping capital gains at current levels, unless you earn $400k ($450k married) or more, in which case it goes up to 20%. Pretty tame...maybe all those people who sold to pay less taxes will get back in now.
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Currently PvPing in the stock market
Currently PvPing in the stock market