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View Full Version : Drudge Report: Delaying Tax Vote Could "Crash Stock Market" Starting 12/15




FrankRep
12-02-2010, 06:59 PM
:eek:

Drudge Report
http://www.drudgereport.com/


DELAYING TAX VOTE COULD 'CRASH STOCK MARKET' STARTING 12/15
http://politics.usnews.com/news/blogs/washington-whispers/2010/12/2/delaying-tax-vote-could-crash-stock-market.html



Failure by Congress to extend the Bush tax cuts, especially locking in the 15 percent capital gains tax rate, will spark a stock market sell off starting December 15 as investors move to lock in gains at a lower rate than the 20 percent it would jump to next year, warn analysts.

While it is unclear how bad the sell off could be, it could wipe out the year's gains, they warn.

LudwigVonMisoSoup
12-02-2010, 07:01 PM
They can seemingly crash the stock market anytime they want with High Frequency Trading algorithms. The May 6th flash crash came the same day they were going to vote on the Audit the Fed bill in the Senate. Coincidence? Hardly.

The truth is this market should be WAY lower than it currently resides, and the only reason it's so high is because the Federal Reserve through Primary Dealers are levitating prices with freshly printed dollars.

Agorism
12-02-2010, 07:07 PM
In which case, the Fed will bail everything as usual.

brenden.b
12-02-2010, 07:18 PM
Whatever....it's all fake money anyway....