Sunday, October 12, 2008

Capital Gain tax

Will there ever be capital gains again?

I am looking for the Dow Jones to go down about 50% from the 14,000 level to the 7,000 level as it did in the 1973-74 decline. However it could even be worse. The one thing that may limit it somewhat is all the bailout proposals and government intervention which provide a short-term solution which we will pay for in the long run when the federal deficit bankrupts us.

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