Thanks for your advice.
You sound like the S&P rating agencies who downgraded the banks
after their collapse.
The bad news about the economy is well known, yesterdays market move(over 5%) was directly connected to the election results and money managers reacting to tax and political realities. The value lost just yesterday nationwide was hundreds of billions. Selling will continue thru the end of the year to minimize the inevitable increase cap gains tax effects that will kick in 09. You will retire broke, markets will not recover in you lifetime... baby boomers are leaving the markets for good now and will not return and there are not as many of you to fill the void. You will end up receiving a gov't stipend that will cover enough for you to eek out a meager existence and taxing YOUR kids at 70% to fund your retirement. Enjoy your poverty and new Socialist agenda (and your new found hope).
No one will invest in america (small "a") anymore or want to risk their savings to start a small business with 50%+ total tax burden.
But we will negotiate with terrorists and the French will think we are nice people, that's all that really counts right?
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