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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
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marcher
To: TobagoJack who wrote (157839)5/13/2020 12:04:43 PM
From: stsimon1 Recommendation  Read Replies (1) of 217576
 
I can't speak to the rest of the world, but in the United States I expect the stock market is vulnerable to the Republicans losing the Senate. If that happens, the rich, who have giant capital gains in the stock market, will start selling hand over fist so they can get those gains taxed at current favorable rates rather than after large tax increases that will be required to repair the U.S. government balance sheet. Same as what happened at the end of WWII. Marginal income tax rates under Eisenhower hit 92.5% or thereabouts. In this scenario the market goes much lower from here.
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