OH, GOODY: Delaying Tax Vote Could Crash Stock Market. “Failure by Congress to extend the Bush tax cuts, especially locking in the 15 percent capital gains tax rate, will spark a stock market sell off starting December 15 as investors move to lock in gains at a lower rate than the 20 percent it would jump to next year, warn analysts.”
Friday, December 03, 2010
The Ghost of Elections past is likely to spook the market this month
It never ceases to amaze me how the left doesn't understand market economics, can't grasp the notion of confidence (in anything but their superhuman ability to control others) and can't even act in their own self interest. We have the spectacle of Pelosi, Reid and Obama delaying the inevitable renewal of the Bush tax cuts in a way sure to panic the markets:
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