Discussion in 'Wall St. News' started by marketbarometer, Jan 30, 2007.
I found this article absolutely fascinating.
Thanks for posting it.
so project out when the new WTC is projected to be completed and you have the market top around that time.
Tallest building in world currently in process in Dubai. Korea will start 2nd tallest soon.
I look at the emotional impact of the building more so then the height. My guard will be up in the markets when WTC is completed.
"It is projected that steel for the building will be visible above grade in 2008, with a topping out in 2010. The building is projected to be ready for occupancy in 2011."
This makes sense because right around that time the capital gains tax will revert back. I could definately picture people and organizations cashing out some of their holdings as a result of the capital gains changes. The result would be a dilution of the floats in the entire market forcing a repricing of equities. In addition, I believe the policies of the new incoming Democrat President and Congress will most likely not be friendly to the markets.
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