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Bears have left the building


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Posted

Here's a question that every bear need to ask.

 

What would a move above 1350 mean by the end of the month?

 

Um, I need to buy more paper towels?

 

post-1110-13269247384178.jpg

 

Or, I need to buy more pins?

 

post-1110-13269247760747.jpg

Posted

FWIW, that depends on where you live and what you do.

[...]

On the other hand, if you aren't in a favored tax constituency (like a salaried middle income earner in a state like California) your effective rate is about the same as a French citizen.

 

Also, small business owners also fail to qualify for the many and varied tax schemes that allow companies like GE to pay no taxes on record profits.

 

The tax code in the US is Byzantine. And, like Byzantium, the code is structured to benefit those who pay homage to the complex patriarchy that is our political system.

 

So if you search really hard some segments of US working class in some states have an effective income tax rate comparable to the average French citizen.

Income tax is a small slice of the total taxes in countries like France. VAT (similar to sales tax) is 19.6% for most stuff, while in California you'll pay 10% tops. In France and most other EU countries you pay more for taxes at the pump than for actual fuel (that's 100%+ tax), in the US you pay 12%.

 

In the end French government obliterates most of these taxes on a lot of lazy public workers and still has to finance a budget deficit to provide some sort of healthcare and social net to people and the US obliterates taxes on lazy public workers and still has to finance a budget deficit to pay for wars that benefit the military complex while people have to spend the money, they didn't fork over in taxes, on private insurance to get some kind of healthcare and retirement fund.

 

The sweet spot is somewhere in between these systems.

Posted

Nobody wanted stocks near 1100,EVERYONE wants them now...

 

That should tell you somthing is not right. :unsure:

 

Yeah, above 1300 it's safe for retail investors to get back in the market... according to CNBC :ph34r:

Posted

On IDS, Lugnut and I were discussing ways that mega-corporations use their power over government, to rip off small businesses. I don't see Lugnut listed as being on this forum right now, so I will PM this article to him.

 

Others may want to be aware also, of how credit card companies apparently are sometimes ripping off small business owners like this. Perhaps there is some way to protect a small business against this happening?

 

http://www.rollingstone.com/politics/blogs/taibblog/credit-card-firms-they-dont-just-steal-from-cardholders-20120109

Posted

You're so bearish.

 

It'll be closer to 1375

 

Once again, do you have any evidence to back up your 'targets'?

Any charts? Any funnymental theories?

Anything? Or just pullin' words out yer ass?

Market goes sideways or down a little, you don't come here.

One up day and you're spouting off again.

Support your forecast or shut up.

Or, is this the return of Windysock?

Posted

On IDS, Lugnut and I were discussing ways that mega-corporations use their power over government, to rip off small businesses. I don't see Lugnut listed as being on this forum right now, so I will PM this article to him.

 

Others may want to be aware also, of how credit card companies apparently are sometimes ripping off small business owners like this. Perhaps there is some way to protect a small business against this happening?

 

http://www.rollingstone.com/politics/blogs/taibblog/credit-card-firms-they-dont-just-steal-from-cardholders-20120109

 

I've noticed an increasing number of small businesses around here (Southern Vermont) only accepting cash and no CC. They will take checks if they know you.

The better quality places do a great business from tourists, it doesn't seem to be hurting their business...

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