Fiscal cliff deal shoots stocks higher, biggest surge in six months.

So Free Market has spoken, it likes higher taxes on the richest people and higher government spending. Who are we to argue with Free Market?

 

Stocks shot up when we invaded Iraq too.

Get your guns ready boys, were going to war!

 

Everyone should go all in.

 

Of course it went up. Naturally, it's never for the reasons stated in these daily stock market report threads, but whatever....

 

ok i buy more gold up today again
http://goldprice.org/ 14.00$ today so far + $17:00 friday total =$30.00 in two days not bad

 

Bookmarked.

 

But for that we have to kill innocent people and give up our lives as well.

I would prefer to tax the rich and keep my life. The rich would rather be taxed than being sent to war as well

 

Only the mouth-breathing Economic Illiterati on the Left wouldn't argue with your ridiculous spin.

What the Market likes is the fact that the vast majority of Americans are NOT going to get a tax hike, and the Market hates higher government spending because it leads to higher debt and higher taxes.

 

IMO, the markets like higher gov't spending. Afterall, they have no risk when us taxpayers will bail them out after their, ahem, fraudulent gambles go belly up.

 

Typical right or left wing posturing. We did so and so and it was great!

The market went up because something, ANYTHING, was accomplished.

Investors now days literally are making hand over fist by betting on the partisan fighting going on.

This had nothing to do with taxes, spending, gays, blacks, Muslims, abortions, or whatever your two sides can dream up.

This was investors sitting back with a sigh saying, "Thank God they didn't go full retard"

(Can someone post Tropic Thunder here please. )

 

You just proved my point, Free Market likes when MAJORITY of Americans are not paying higher taxes. Unless you call 2% a majority (which will not be surprising to me) you kind of agree with my point....

 

Wall Street isn't Main Street. Don't you leftists realize that?

 

LOL, it seems by the repsonses, that our RW compatriots will not buy into reality again.

 

Yes, so we need to stop arguing about raising taxes and how it is awful for Free Market and start working on balanced approach.

 

Yes, I guess "The Bubble" expected markets to crash because of tax raises (I remember Rush explaining why this will happen and we all know that he is 98% always right) but now they are struggling to explain why it didn't happen. Kind of similar to disarray when Romney lost....

 

no they are still lost in the woods/stock 1960s smoking daze cant even find the road the came in on

 

I thought Wall Street is "The Free Market".... Stop spreading your communist propaganda and stick to what is good for Free Market!

 

Do you know what a Sugar High is? Ben Bernanke is the Candy Man. What's happening in the stock market is exuberant enthusiasm brought on by easy credit.

 

Wall Street is the land of Big Business, not Small Business. Don't waste my time with sarcasm. Let's have a real exchange instead.

 

Agreed. Both sides need to listen to "Hard Truths" as my favorite Baratheon supporter Mr. Davos will agree to.

Go back to Clinton days tax wise, while I don't think the small amount of money will make a difference there are other reasons. The stock market works on trust and if we raise taxes a bit we may gain the lower income brackets trust back. I do think any higher taxes hurt the economy, however it is not only a numbers game. Economics is emotional to many as it is analytical to some. If a "fair share" will get the OWS people to shut up and work so be it.

I think that 20-25% is fine on capital gains. Republicans are correct, these taxes should be lower because it is money usually already earned. There needs to be a reason to reinvest your money at noones risk but your own. 15% is prolly too low though so I am fine with 20-25, great example of a happy medium.

Spending is where the Dems have to give. We have an entitlement society, period. To say anything else is just a lie. We need to find ways to give people hope, not money. Cut unemployment benefits back to perhaps 6 months. Take half the money saved and create training programs for those on extended welfare. Create a way out, not a free ride to free money.

I feel entitlements are a problem because there is no reverse gear. Perhaps if we started a tiered system for welfare. It decreases by X very year unless you fulfill some requirement. The requirements now are a joke, have a 29 year old close friend who has been unemployed for 5 years on random government grants loans and programs. He smokes weed and plays video games all day.... He is not alone.

/endrant

 

Oh now I got it, almost 0% over the counter rate that we have had for 4 years finally started working....

 

your thoughts of quick greed are being manipulated by the NWO masters
that are pulling on your emotional thoughts of freedom to a dumb move on the economic chessboard.

 

Not only that, but the past few weeks, when the markets fell, it was stated that the fall was due to insecurities about the fiscal deal not getting done.

 

While you are correct, the broad brush you are painting with hurts thousands of smaller companies like my own.

The GE's of the world have so many write offs that they have tax rates at zero which is COMPLETE BS.

My little 6M company doesn't get those write offs, we pay in the 40th percentile. I don't care why take your pick, but remember whatever you add to those big guys comes to us as we'll.

Why not get rid of write offs first?

A 5% difference is huge to me, absolutely huge, and is often the difference between whether or not I hire new people.

 

Now you preaching "Power for small business" while completely supporting even praising Reagan's policies that led to consolidation of small business into large ones.... What will you do next, scream "Power to the People" and grab pitchfork so we could lynch those evil rich people from "Big Business"????