10-17-2008, 12:27 PM
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Beam Me Up Scottie
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Join Date: Aug 2004
Location: Squantum (part of Quincy),
MA
Cobra Make, Engine: SPF1049 Titanium w/black stripes, 351W with Trick Flow Heads, Tremec 3550
Posts: 7,592
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Not Ranked
Quote:
Originally Posted by cobra de capell
You know - if you believe that Ford is going to be OK, they offer 4.20% on $50K or more - Money Market Account! The good thing is - if the news turns south, you can get the funds out in 1-2 days.
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Right now, all my portfolio is in cash, Money Market accounts, CD's and some bonds. No stocks or stock mutual funds. That's a great rate for a MMA. I got some short term CD's (less than a year) at lower rates.
Back to the topic - Robin Hood. Who wants to play Friar Tuck? Ted Kennedy? Bwany Fwank? If Obama does get elected, everyone will be selling all of their holdings to get a lower tax rate now before Obama's higher tax rate on capital gains gets passed.
Of course, if McCain gets elected ... and he pushes for the dramatic lowering of the capital gains tax he has mentioned, you will see a historic flood of money pour into the stock market. The DJIA will take off like a rocket.
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Warren
'Liberals are maggots upon the life of this planet and need to get off at the next rotation.' (Jamo 2008)
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