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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (727502)10/2/2020 7:08:43 PM
From: SirWalterRalegh5 Recommendations

Recommended By
AJ Muckenfus
FJB
Follies
fred woodall
pheilman_

  Read Replies (3) | Respond to of 794221
 
Could be 100% wrong, but here's my wag, as a retired professional trader & investor. If Biden wins? Worst case is we get a stock market correction lasting into next year. Not a Bear Market. After that? Higher & higher & higher for stocks though leadership sectors are likely to change some.

More likely that Harris/Biden will confiscate our IRA's and 401Ks and substitute them for
1% Government bonds.



To: isopatch who wrote (727502)10/2/2020 8:11:25 PM
From: DewDiligence_on_SI  Read Replies (1) | Respond to of 794221
 
Increasing the US corporate income-tax rate from 21% to 28% will make stocks less valuable even if pre-tax profits remain the same.



To: isopatch who wrote (727502)10/2/2020 8:37:46 PM
From: Bearcatbob  Read Replies (2) | Respond to of 794221
 
Hi ISO.

The US needs more revenue. While I hate taxes, $T deficits is untenable. What we do not need is a big tax increase coupled with a twice as big spending increase. The Biden plan is IDIOCY.


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