The last couple of days of 2012 are going to smack T down but good unless the fiscal cliff is avoided. This could drop a couple of more $$ by New Years Day. Nobody wants to pay a 40% dividend tax. The rest of the stuff (DMA's,etc.) is irrelevant right now until the cliff issue is settled.
There is only one more trading day after today and not much is happening. Volume is normal and trading is within a 30 cent range. I don't believe much in "the cliff". We pretty much went over that on November 6th.
Really???!!! No one is proposing this? Are you following this stuff AT ALL?
From "Business Insider" (and practically anywhere else you care to look if you didn't want to remain ignorant):
"More importantly, dividend taxes for the highest earning Americans are set to rise from the Bush-era 15% all the way back to the Clinton-era 39.6%. In other words, they're set to be taxed as ordinary income again.
Adding in the Obamacare surcharge, therefore, if current law is enacted, this will result in an astounding tax hike on qualified dividends from 15% to 43.4%.
What this means is that well-off Americans who are collecting, say, $100,000 a year in gross
dividend income will keep about $57,000 next year versus $85,000 this year, a drop of 33%."