The fear-mongering stock market whore. In before someone else says it.
They’re cashing out to keep more of their cash before Uncle Joe steals it all from them.
Lol. I was expecting the Dow to be down big. It’s down 51 points. Lol. You are a laugh.
They had options to purchase, and needed cash to buy them with.
1. Anticipated higher taxes in the near future
2. Interest rate increases will adjust the market down.
3. Very reasonable to conclude a crash is around the corner. You can’t do what we have done during COVID and suddenly flip a switch. It doesn’t work that way. It’s an intricate web that unraveled. It will take time to make it again. There will be pain first. If it could work that way, we could all just take a shutdown break every decade or so to relax for a year.
Gee, maybe it’s because the market is at an all time high?
” As I have said countless times before, you only make money in the stock market if you get out in time”
Totally false.
looming tax hikes and lofty share prices encourage many to take profits.
bingo.
The doomsayers are right once approximately every 10 years or so. They’re wrong at all other times.
Crappy blog is crappy
Never mind “why are they dumping stocks”.
Why are they all building fortified farmsteads on the South Island of New Zealand?
IMO stock prices are up in large part due to inflation. The higher dollar values are in inflated currency. Though the whole market seems to be a big casino to me in any case. Profits?!?! Ok, Boomer!1!!LOL
Here’s why Microft and Amazon execs are selling their stock:
Capital gains tax
The 2021 Washington State Legislature recently passed ESSB 5096 (RCW 82.87) which creates a 7% tax on the sale or exchange of long-term capital assets (stocks, bonds, business interests, or other investments, and many tangible assets) if the profits exceed $250,000 annually. This tax applies to individuals only, though individuals can be liable for the tax as a result of their ownership interest in an entity that sells or exchanges long-term capital assets. It is only applicable to gains allocated to Washington state. The tax takes effect on Jan. 1, 2022, and the first payments are due on or before April 18, 2023.
Probably buying gold, silver. platinum, etc.
Capital always goes where it is best treated, an economic law lost on the “tax the rich” communists whom are masquerading as democratic progressives.
The wealthy are not going to wait, like a golf ball on a ‘t’, to be fleeced.