I felt like it wasn't too long ago we were being pushed outta the market by the fiscal cliff....now it seems like we're being pulled back into the market. I'm always worried when I feel that way. Just wondering if it's just me or if others feel the same?
I own Costco long term. After I spent $300 there on my first shopping trip, without even realizing it, I knew they had a winning game plan. I'm a tough consumer and it's really hard to gain my loyalty-but Costco did just that. [more]
So last month I posted http://caps.fool.com/Blogs/i-own-apple-amp-now-i-own/775024 which was an article on AAPL and why I bought more at $510. If you read my follow up comments I got stopped out around $585. A good profit for about one weeks worth of waiting. [more]
$20 billion is a lot of money to risk if you aren't absolutely sure that the bottom is in....so what does FCX know? Is this a good call? This is going to set off a whole round of speculation in the M&A markets...let's be part of it...lol.
If they take us over the tax rates will rise. Capital Gains up to almost 40%. Then if a deal is struck under those conditions they could still appear to be lowering taxes in the end, even if they end up at 35%. Norquist will not be able to say they broke the pledge becuase they were working within the system they had at the time, not the previous structure. Voters don't have long memories. They vote on the issues of the day...not issues of two years ago. Republicans could be seen as standing up for their base, fighting "the good fight" as long as they could, safe from Norquist's pledge, and largely free from voter backlash on this issue. Just my opinion....and believe me I don't advocate this course of action. I'm just putting it out there as a possibility. [more]