Tuesday, December 14, 2010

Stock Market Sell Off? Tomorrow is Dec 15th

Remember this from USNews from Dec 2nd?

"Failure by Congress to extend the Bush tax cuts, especially locking in the 15 percent capital gains tax rate, will spark a stock market sell off starting December 15 as investors move to lock in gains at a lower rate than the 20 percent it would jump to next year, warn analysts. [See who gets the most money from the financial industry.]

While it is unclear how bad the sell off could be, it could wipe out the year's gains, they warn." Delaying Tax Vote Could Crash Stock Market - Washington Whispers (usnews.com)

Let's see what happens in the Far East first and U S Markets tomorrow.

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