Right between the Star and the Enquirer (and behind The Onion).
Impossible to find a media publication that doesn't spin things one way or another.
AZhitman wrote:Vim - I've figured out where you found that newspaper...
Right between the Star and the Enquirer (and behind The Onion).
Impossible to find a media publication that doesn't spin things one way or another.
IWannaS15 wrote:Good point, but once again, the market is at 5 year lows. Their money isn't working too hard for them. (Maybe that's why they're not investing more). They have a lot of something called disposible income. When the economy is good, they spend or invest it. When the economy sucks, the hold on to it. Simple enough?
The taxation rate on capital gains is 20% for long term (over one year) and the normal income tax rate for short term (under one year). I could be wrong about the short term rate but the tax system is weighted to favour long term investment over short term speculating. Because the market is suffering, W wants to give his big share holding buddies a break since there is nothing really to invest in at this time. Maybe W hopes that this will bribe the fat cats to hold onto their holdings and therefore stabilize the markets thereby protecting the fat cats again until the economy (or at least Wall Street) looks more promising. This plan doesn't do much at all to encourage capital spending but does let the holders of huge amounts of shares outside of IRA's to make money on their capital until the markets turn around.maineimport wrote: People don't get rich off of dividends, they get rich off growth and that's where the fed likes to take a HUGE chunk of nearly 50% on capital gains.
Buy low sell high. What could be easier than that? :dohmaineimport wrote:What I have been trying to say, is that the NYSE has returned an AVERAGE of 12%.... So, no matter what the present state of the economy or stock market, it is generally wiser to conservatively invest "disposable" income, rather than stuffing it under the mattress or putting it in the bank. If it is money that you don't NEED right now, you will make more by re-investing it. I've said all I have to say on the issue and we still disagree, not a big surprise.
Unfortunately, it is a little more complex than that. "High" and "Low" are relative terms. People gladly buy when they feel the market is at its lowest and its about to go up.VimyJ wrote:Buy low sell high. What could be easier than that? :doh
Really?IWannaS15 wrote:Unfortunately, it is a little more complex than that. Jay
You (and W) hope that this is the case. Frankly, I see the situation involving the US for many, many years to come. Selective strategic strikes were also delivered in the first Gulf War and did relatively little to shake Saddam from his tree. It is conceivable that the Muslim world will see this as another attack on Islam by the "Great Satan" which will further stoke the boiler of animosity between east and west. More terrorism will result. Remember too that Iraq is a secular state. The religeous fundamentalists would love to expand their power in Iraq. This war is going to be far from simple especially if the US decides to do it solo with little world support.AZhitman wrote:I'm with Maine on this part: Those who are staying away from investing, fearing further declines are fools (unless they are within a few years of retirement). Look at the history of mutual funds since their introduction. They've continued to gain overall, so the long-term investor with an eye towards diversification is coming as close to a guarantee as he possibly can - The market has withstood FAR worse.
The markets are still historically overvalued on a price to earnings basis despite a huge pullback. Still room to sink.
The other thing to remember is we're not talking about a global conflict here. We're talking about one country delivering an immediate and brutally efficient blow to selective strategic targets in another country with very few (if any) strong alliances.
maineimport wrote:
It almost sounds as though you feel it is OUR fault that they hate us. Should we adopt their way of life to appease them, or should we stand up for what our fathers, grandfathers...etc....etc bled and died for. We are the greatest nation in the world, but it seems like that's not a popular thing to say these days. I think that's sad.
Does that mean you're going to reopen that thread because you want to thwart the enemy at every turn?AZhitman wrote:I honestly didn't realize this was Vimy's post until the very last sentence...
Couldn't agree with that post more, buddy.