Oh. I believe you. In fact I made some nice change shorting some issues
before things went into complete freefall. Actualy I look at the present
situation as a buying opportunity, but I don't want to move too soon or
abruptly.
My questions were in response to beancounter's prediction of a the liklihood
of a stampede to sell assets in anticipation of an increase in capital gains
taxes. The profits I referred to are the type of long term capital gain
profits he was talking about. The number of people, who have made long term
capital gains in this market and for whom the threat of increased taxes
thereon would tip their decision to sell, are not numerous enough to
constitute a "stampede" .

Bob Weinberger
..

wrote in message
...
On Thu, 9 Oct 2008 17:36:40 -0700, "Bob Weinberger"
wrote:


"~^ beancounter ~^" wrote in message
...
swnip
In the coming months - when investors realize that
Obama will raise the cap gains rate - there could be
a stampede of asset sales as investors rush to take their
profits now to avoid Obama's doubling of the tax rates next year.

As compared to the current stampede? With the exception of precious metals
and possibly a few other tangible assets, what profits?

Bob Weinberger

Bob, trust me on this or don't, but there is ALWAYS honest profit to be
made in any market - if someone is losing money, someone is making it.
Hell, if it weren't for the "Great Depression," you very well might have
never heard of Joe Kennedy and his spawn. And we made money in October
'87, which was another supposed "end of the world." In fact, if they
listened to me, at least two ROFFians made something on the order of 25%
on whatever they invested in the last coupla months. Hell, I'm up about
65% or so on the year.

HTH,
R


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