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SPDR S&P 500 ETF Message Board

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  • homo_plashadpobedy homo_plashadpobedy Nov 14, 2012 10:34 PM Flag

    Repeat of 2008 Election Market Response

    Actually people are cashing out their profits so they pay less taxes this year instead of being taxed at a higher rate next year. Then they'll double dip and buy again at a lower rate.

    From realnewspost: These same people will just buy the assets back later on so they only pay the higher rate on future gains. This notion that people are not going to want to work to get rich because they will have to pay more in taxes is complete nonsense.

    Sentiment: Strong Buy

 
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