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To: vpFREE@yahoogroups.com, ctopup@hotmail.com, vegasjlv@hotmail.com
From: "pesach kremen" <royalflush2222@hotmail.com>
Date sent: Sat, 06 Nov 2004 00:38:25 -0800
Subject: RE: [vpFREE] Buy stocks now and get money to play VP!
Overstated to the point of a reply being needed. The market did well
under many democratic presidents, as did the economy. Bill Clinton is
a good example. The kennedy - johnson years had several good stock
market years too. Social programs have not been on the backs of
businesses. And the richer get many tax breaks that the average person
cannot. There are profiteable fortune 500 companies that do not pay
taxes due shelters, off shore diversion of income, and other loopholes.
The middle class has some shelters such as IRA's, 401k's, mortgage
payment interest. the poor have nothing. If you earn 30K per year in
many companies without benefits sdue working ovettime to make ends meet
all your income above the standard deduction and exemptions is taxed.
You pay a greater percentage of tax than those above you. The tax code
doesn't penalize investment, Investment is a cost of doing business.
Cororate welfare is no better personal welfare. If a corporation
thinks a new shopping center is profiteable, let them build it with
their own money just as if a poor person needs to eat, let him or her
do their best to find work.
But keep this in mind. The casino reeacheable by subway in the lower
part of Manhattan, still with a large player advantage, is never
guaranteed. Just as in Video Poker, play at a level that you can
afford.
If you don't believe this, what about the investor who bought 1000
shares of a toliet paper stock at $100/share ($100,000). The toilet
paper was too rough (as in Las Vegas Hotel rest Rooms), sales
plummeted, the stock dropped to $1, adm the Investor got wiped out!
the Stock Market can be like a casino (options, puts, calls,
futures,commodities etc). play only with money you can afford to lose.
Your advise about buying stock is good as over time the stock market
has risen, but like a roller coaster, you can get sick you your stomach
of the ups and downs.
No president or administration can guarantee a profiteable market, and
no broker or stock expert can guarnatee a profiteable stock. Good
diversity can cut the risk to 50%, but market risk can happen to any
one. To explain this see a good finance textbook. I buy thru my 401K
and dviersify as much as possible, and yes, have seen some gains the
last few days , but both under Clinton and Bush have seen my share of
ups and downs.
Agree???
From: "rockofjello333" <rockofjello333@yahoo.com>
Reply-To: vpFREE@yahoogroups.com
To: vpFREE@yahoogroups.com
Subject: [vpFREE] Re: XVP: Buy stocks now and get money to play VP!
Date: Thu, 04 Nov 2004 19:58:30 -0000--- In vpFREE@yahoogroups.com, "pesach kremen" <royalflush2222@h...>
wrote:
> If you check history you will find that the day after the
presidential
> election, the market has generally gone up, regardless of the
party of the
> winning candidate. This may be due the stability of knowing who
the
> president will be for the next 4 years.True. I was referring to what I felt the market would be doing for the
next several WEEKS, though, through the holiday period.As I'm sure you're aware, the ascension to the throne of a
Democratic administration has always been viewed by Wall street as bad
for business, and a Republican administration, as good. This is
particularly true now in view of Bush and Kerry's strong differences in
attitude toward taxation, capital gains tax, and business regulation in
general.To put it another way, when the Demos fund their social programs,
it's always done on the backs of businesses, which is widely seen as
being "invisible" since we all know business=big giant evil
corporations that make their huge piles of money from the sweat of
small children laboring in their underground factories and coal mines.
Of course, when the corner hardware store can't hire new employees, or
shuts down altogether, or when the new shopping center doesn't get
built because the tax code penalizes investment and the risk of
capital, we don't hear about it. We just hear that tax cuts "favor the
rrrrrrrich". (of bloody COURSE they do; the rich pay more taxes than
the rest of us. Duh!)Anyway, if you're an investor, or businessman, or both (as I am),
you should breathe a silent prayer of relief at the outcome of the
election. If you're a crack addict on welfare, well, dang it, that
monthly check from Uncle Sam ain't gonna be gettin' much bigger, so
you'll have to economize (buy the BIG jug of Thunderbird).