Should we have a “drop” pool on how far will the market go down, down, down on Monday? Might as well have some fun. : (
I’m assuming this also includes the capital gains tax correct (which will have direct impact on the Market)?
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Yeah capital gains go from 15% to 20% ,, at this time that will only penalize a few that have very long term holdings...
I say for the coming week 5% down on the DIA to 7000 even ,, the floor traders will try to keep it from crashing down into the 6’s by only putting through uptick trades in the final minutes of each day..
If Citi or another big bank goes down then it’ll be much uglier.
I’m going to say 6998 for Monday’s close. That will be the Market’s warning shot to the Dem House, Senate and WH. The new spending bill and the tax increases are the Dem’s complete and all out declaration of war on the U.S. economy and we, the sheeple. Gosh, you’d think the Dem’s would get a clue at the record drops on Nov. 5th and 6th. Those were the “Oh $hit” days when the Market realized that we, the Sheeple are really THAT Stupid and elected the Zero Man to lead us through the Hurricane Cat 5 weather dead ahead. Neidermeyer, I’ll be watching the final half hour to see if the Floor puts in the uptick trades to rescue the day.