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I'm probably going to buy more GE. After last fiscal Washington compromise they made out big time. They won't be paying much taxes if any. That can't be bad for the stock price.
Yes, that was probably it.
Now can we predict the next market bump up?
It will happen in spurts over the next 12 years.
The last 6 years, which was the worst for our economy since the great depression has created an unprecedented opportunity for asset appreciation in the next few years. There is an ocean of liquidity looking for higher returns, and they can only find it in stocks and real estate.
The golden rays of the sun will shine bright on wall street.
It will happen in spurts over the next 12 years
LOL. I meant months. 12 years would be awesome.
I think the next down leg will come in March (when Washington is squabbling over the sequester deadline).
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I'm starting to think that the fiscal cliff fear is very overblown, and that stocks will surge once the public realizes that. So here's my poll question:
Does the fiscal cliff make it good time to buy stock right now?
#investing