Home › Forums › Open Discussion › Obama-Claus has a little something under the tree for investors
- This topic is empty.
-
AuthorPosts
-
December 23, 2014 at 5:54 pm #816395
skeeterParticipantLove him or hate him, the stock market has flourished under President Obama. Have we *ever* seen this kind of growth before? I think it is unprecedented.
On 20 January 2009 when Obama was sworn in, the DJIA closed at 7,949 (link below.) As I write this note the DJIA is at 18,049. That is a 127% (!!!!!) increase. Folks, that is trillions. And I mean TRILLIONS of dollars.
Now if only I had a bigger piece of that pie I could get my wife the Aston Martin she deserves…
http://daytradingstockblog.blogspot.com/2009/01/dow-jones-close-12009-stock-market.html
December 23, 2014 at 6:19 pm #820272
wakefloodParticipantThis is an “earnings” bubble, Skeets. If I was a few years older, I’d be tempted to pull a chunk off the table but I’d wait until early 2015 when…
…the new/old fools are back in charge and will be granting – you guessed it! – another “Tax Amnesty” for the big boys to pull back into the country the several TRILLION dollars of profits they’ve been storing offshore.
They’ve been waiting for years NOT taking the offered 10% or 15% repatriation tax that is around half of what they would have paid had they, you know, followed the spirit of the tax code. Instead they’ll probably get to pull huge chunks of it at 0% and the rest at 5%-10%.
That will blow the bubble back up nicely for a quarter or two and then that fake stimulus will go away and they’ll be looking for the next handout. Crying all the way about how they taxes are stunting their growth.
It’s a damn lie.
But come the end of 2015 or so, Santa Claus will be tapped out again and they’ll be firing up the gov’t giveaway mantra.
Watch the DJIA then.
Care to make a friendly wager, anyone?
December 23, 2014 at 6:30 pm #820273
skeeterParticipant“Santa Claus will be tapped out again”
Wake, you made my Christmas week! I just love the clever descriptions you use.
Seriously, though, if I was about 10 years older I’d start taking some of my retirement savings out of the stock market too. Right now there’s more potential downside than upside. But since I’ve got a ways to go, I’ll have to plan (hope?) that I’ll ride out a couple more up and down cycles.
December 23, 2014 at 6:38 pm #820274
wakefloodParticipantSkeets, I AM about ten yrs. older and I’m forced to go against my own desires to NOT encourage the shenanigans listed above by waiting for this repatriation cycle to run its course. I’ve taken too many hits from the boom and bust cycles they feast on to NOT take advantage of a mini-boom I can at least predict is in the pipeline.
I’m dumb, but I ain’t stoopid.
I will move as much as I can as fast as I can when the warning signs begin.
-
AuthorPosts
- You must be logged in to reply to this topic.