Some further thoughts on LT & ST perspectives:
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...Only trouble is, those three months of bliss follow nearly two years of bludgeoning. And lest you think the long-term view is the one to take, consider this: The S&P 500 would have to gain 60% in the next six months in order for this decade to turn out as a breakeven proposition for stocks. Sweet thought, but no way. -- Steve Kerch, MarketWatch, 7/2/09
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So if we are ST traders, we are greedy speculators and should be taxed at 80% or more; but if we are LT investors, we get to be losers. Gotta love them rocks & hard places.
-cal-
----- Original Message -----
From: Charles & Lois
To: CANSLIM Stock Investment Group
Sent: Thursday, June 25, 2009 5:06 PM
Subject: [CANSLIM] Capital Gains
Does anyone think this would be a good idea? Why do people like this come up with this stuff?
Gerstner Says Short-Term Gains Should Be Taxed at 80%
-cal-
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