If Hillary looks more likely to become President

[a529612]

Do you think people will run for the exit to sell everything on Jan 02, 2008 before the capital gain tax hike?

 

[Bowgett]

Quote from a529612:

Do you think people will run for the exit to sell everything on Jan 02, 2008 before the capital gain tax hike?

They are going to expire December 31, 2008. You are off by one year.

 

[mwerbe]

Actually it's 2010 unless Hilary changes the law in 2009

 

[runningman]

Dude, last time we had a Clinton in office, the market tripled. Now we have a "republican" and the market has averaged less than 3% per year. These are facts anyone can look up. Another fact is the market historically had performed better under democratic than republican presidents.

 

[mwerbe]

Well, I would say bill and hill are two different animals. Besides the obvious differences Bill was much more in favor of free trade and Hilary is running on a more populist platform, although what she actually does when likely elected is anyones guess. As for market performance the small cap index and emerging markets are up huge this decade, while in the 90's they didn't do so well so it really depends on what you trade.

 

[runningman]

A few more days like Friday and we won't have that pesky capital gain problem to worry about anyway

 

[mwerbe]

The permabears like Doug Kass will be sipping martinis in his Palm Beach Mansion, while the world goes to hell in a handbasket, until the U.S government becomes so indebted it confiscates his house.