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Dell 60? Not you too. Sure, there might be a small pullback as some people take some profits (mabye a day or two), but I dont agree with a market correction at all. I think that the lower cap. gains, along with the tax cut, will encourage more money to flow into the market. Where else would you want to put your extra cash? Besides, the new cap. gains level will be in place for a long time, why sell now- your still going to get taxed the same amount if you sell now, in Sep., whenever. No, the budget deal will only help to fuel the market even further and until the leading economic indicators start pointing to a slower economy or inflation comes about, there is little reason for any correction at all. Might as well point out, the guy who was saying Dell at 60 has lost alot of money on the short side over the past few days. |
