Wednesday, January 02, 2013

Taxes rise, but it could have been worse

The Yahoo headline read "Taxes rise but it could have been worse".  I agree.  We could have elected Obama to four more years.  Oh, that's right.  He was relected. 

At least we had good news from the stock market this week,, especially today.  As of this point in time, the stock market has risen over 300 points. Maybe I'll recoup some of that money I lost last week.  I just wish people would stop investing and selling based on their emotions (at least the reasons given for huge swings in the market place are reported to be based on emotions). 

Logic would dictate less volitilty in buy/sell reactions. The only reason to sell at a loss is if one really needed the money.  If the stock was a bad buy or is becoming a bad but why would anyone else purchase it?

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