People selling stocks because of fears that Obama may come to power

[RagingBull]

In addition to the problems we face with the market, MANY savy investors are dumping stocks because they fear that when Obama comes to power (God forbid) the capital gains tax will increase from 15% to 28%.

[Busted]

O lord.

[RagingBull]

Go ahead spin...just like it doesn't matter that Hussein associates with racist lunatics such as Reverend Wright and terrorists like William Ayers...spin away.

[keanu]

In addition to the problems we face with the market, MANY savy investors are dumping stocks because they fear that when Obama comes to power (God forbid) the capital gains tax will increase from 15% to 28%.

This election has very little influence on the markets. Get real buddy. We have bigger problems. The presidential race is nothing more then a popularity contest, and Obama is it. mcCain has much more experience... but this is America. The same America that voted in Bush Jr to 8 years. The worst president in America's history and he gets 2 terms.

[RagingBull]

This election has very little influence on the markets. Get real buddy. We have bigger problems. The presidential race is nothing more then a popularity contest, and Obama is it. mcCain has much more experience... but this is America. The same America that voted in Bush Jr to 8 years. The worst president in America's history and he gets 2 terms.

http://blogs.moneycentral.msn.com/topstocks/archive/2008/06/06/the-obama-portfolio.aspx

Making money with an Obama portfolio
Posted Jun 06 2008, 11:18 AM by Robert Walberg
Rating:
Filed under: banking, alternative energy


Okay, enough of why Obama will win. How might his victory impact your portfolio?  First things first: an Obama win could trigger a end-of-year sell-off in stocks.  Historically, the S&P 500 rallies in election years with an average gain of over 12% -- with most of that gain traditionally coming in the last six months. So why will the market's intiail reaction to an Obama presidency be to sell-off?  If elected, Obama plans to raise the capital gains tax to 25% from 15%. Fear of a higher tax on gains could trigger investors to take profits in 2008 to avoid the higher tax.

[RagingBull]

bump

[Relentless]

In addition to the problems we face with the market, MANY savy investors are dumping stocks because they fear that when Obama comes to power (God forbid) the capital gains tax will increase from 15% to 28%.

Socialism is coming to America; get used to the idea.  There's nothing anyone can do at this point other than leave the country if they feel strongly about it.

By the way, many investors are dumping their stocks because the market sucks and has dropped 5500+ points over the last year.

Blaming Obama already?  Come on.