So Corn is up the limit, wheat is up 35. Not really sure why. I know wheat always responds to Ukranian aggression, China has been buying corn, and there are some problems with Beans in Brazil.
But nothing that should make those kind of moves at these price levels. I'm definitely missing something. Damn it.
I'm surprised there's a knee jerk reaction to this. Its been known for months 39.6% for long term capital gains over $1M was all but a guarantee to at least be proposed. [Reply]
Originally Posted by MTG#10:
Went from up 6% on the day overall to down 2% in the matter of minutes. But Presidents don't have an effect on the stock market.
Not my fault you own a bunch of shitty meme stocks with pussy assed retail investors.
Really scary when politicians get involved in the markets like this. Why long term capital gains though? Wouldn't you want people to invest long term and hold in good investments? These people are absolutely incompetent. I hope people don't get crushed. [Reply]
Originally Posted by Ninerfan11:
Really scary when politicians get involved in the markets like this. Why long term capital gains though? Wouldn't you want people to invest long term and hold in good investments? These people are absolutely incompetent. I hope people don't get crushed.
Not that I agree with the increase but it’s if you’re earning $1M or more in financial assets. This doesn’t effect very many people and definitely not the middle class and probably no one on CP.
People drawing out $1M or more in a year won’t be getting “crushed.” [Reply]
Originally Posted by lewdog:
Not that I agree with the increase but it’s if you’re earning $1M or more in financial assets. This doesn’t effect very many people and definitely not the middle class and probably no one on CP.
People drawing out $1M or more in a year won’t be getting “crushed.”
I'm talking about the people who will be left holding the bags. Smart people and business owners are already leaving the US. [Reply]
