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To: Steelfish
These days, there's no rhyme nor reason to the fluctuation of the stock market. There certainly has been no correlation to economic realities.

I had hoped to buy back in just prior to November, thinking that the economy would improve if one or both houses of congress were captured by the Repubs.

On the other hand, if Bush's tax cuts are allowed to expire in January, the economy is going to tank.

Uncertainty is a powerful weapon if you're trying to destroy the economy.

30 posted on 07/25/2010 9:59:29 AM PDT by Washi
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To: Washi
I had hoped to buy back in just prior to November

People may be taking profits by the end of the year in order to pay their capital gains taxes this year instead of next year because of the tax increases. Late November/December may be a good time to buy in.

71 posted on 07/25/2010 1:40:38 PM PDT by Vince Ferrer
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