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Registered
Join Date: Apr 2002
Location: Santa Clara, CA
Posts: 5,668
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The market is responding to the likely prospect of the capital gains tax rate changing from 15% to 28% pending Obama's election.
This of course makes stocks a less attractive investment.
The down trend continues as long as polls favor Obama, or until the election. If McCain wins, a big rally will follow.
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Chuck Moreland - elephantracing.com - vonnen.com
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