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that applies to Investors not traders.
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They're both betting on the future earnings as reflected in today's prices. Short or long, the judgement is the same-poor future business prospects.
Exactly what has BHO said in the past three weeks to assure all you BHO supporters that he has a magic answer to the economy? I'm sure his increased taxes will help the banks and the economy; his increased capital gains taxes are certain to encourage investors; making unions less democratic should encourage employers to hire more labor; piling on costs to employers for health care will, no doubt help employers; ripping up NAFTA ought to encourage foreigners, to whom we are deeply indebted, to invest in the credibility of the US. Get Real, he's plan is empty-but, unfortunately, the Republicans led by McCain are not presenting an alternative.
GF