Where did all the bulls go, about a month ago no bull would ever believe the DOW would be at new lows for the year, I DID. Bear market and recession, Dont be surprised if the DOW gets down to 11k.
And you've been LONG the UYG ( Financials ) from May 23rd in the 29 handle and getting your arse kicked. Now trading 21.56 :eek:
Im averaged in at $25.50 in my trading account. Will be adding shares to my IRA soon. Went long QLD, UYG and DTO today...
Bend Over Boomers! LOL. First we'll elect a 100% democrat controlled government to institute a wealth tax and take every dime you have that isn't invested. Then we'll drive the markets down until your 401k/pension/IRAs have the same value as the promise from a presidential candidate. Next, wreck the economy with plenty of new taxes and higher oil prices. And to finish you off, we'll bankrupt social security. Heh heh. I hear Alpo is the tastiest dog food, but it will probably be priced out of reach of most of you. If you get a bunch of dry-cleaning bags you can make your cardboard box somewhat waterproof.
WORD! i too predicting wealth tax - the bastards cant wait for you to sell to tax your hard wrok... i differ; however, i think the wealth tax will include invested funds. thats why they have been "f-ing" Lichtenstein so hard after giving it to the Swiss. tight capital controls will be the tip-off that more taxes including wealth tax are coming. procrastinate at your own risk. :eek: