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.
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.