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Re: Bmaintz post# 2360

Tuesday, 11/27/2012 9:53:57 PM

Tuesday, November 27, 2012 9:53:57 PM

Post# of 8439
This was predictable capital gains selling, thanks to the re-election of someone who is going to tax our brains out beginning in 2013. Mostly likely cap gains AND dividends will go up. Folks are preparing now for that eventuality. IMO, you will see an upswing in PPS no sooner than 30 days from Nov. 6th or soon thereafter -- presuming there are no other better alternatives to stocks at that time. Munis might be the next big thing. They need to do something to make investing in states and localities attractive because most of the blue ones (Illinois, California, etc.) are broke!

Honestly, I would have sold some too, had I known how the election would have turned out. I was still holding out hope for sanity. I should have known better. :(

Fortunately, I don't need the cash right now, so I can wait it out. I might have to wait for four more years! LOL

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