Quote:
Originally Posted by Vexx
While not the sole problem, the speculation is killing the market. Because the bill didn't pass, speculators are panicking and making the problem *worse*.
That's the change I'd make there. You're hearing the screams of testicle-waving day-trading speculators who just got their waving ways scrunched. Investors tend to be more measured in their response - if you didn't sell this morning you're probably best off riding it out. And it might be a good time to pick up some deals. ... even if it drops more, the only thing that really matters is how much you bought it for and later how much you sell it for.
Personally, I'd like to see day trading speculative twits run out of the market and back to the roulette and craps tables. Go back to rewarding long-term investing with tax incentives
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Actually it is more devious then that becuase of
short selling which will accelerate the downward trend.
Yeah, captial gain(and/or loss) is a bitch.