Hacker News new | ask | show | jobs
by TootsMagoon 4937 days ago
Taxes on the wealthy and their capital gains are going up! Between now and the end of the year I believe you will see a LOT of selling from people and institutions holding large positions. Regardless of whether or not we go over the 'Cliff', capital gains tax rates will be going up and lots of selling will occur that drives down stock prices.