Obama vs McCain
Current YTD Return: +$319
Obama today announced his view on the need for additional tax stimulus in the amount of $50 billion dollars. Pretty nice. I don’t mind getting another check for $200-$300. I personally want this to take place even though it’s ultimately coming out of our future tax returns. Anything to stimulate the economy at this point.
So who do you prefer as your President in terms of economy? Obama says he’ll cut the taxes for middle class and potentially raise the taxes for people making over $250K. McCain says the cure to the economy is to lower the corporate taxes by 10% from 35% to 25%…they both sound good. I guess I’ll personally see more impact from Obama’s policy since I’m the “middle class”.
In the meantime, the stock market bounced back up as I predicted by 70 points.
Some big news are:
1) Apple(AAPL) announcing their new iPhone
2) Warren Buffet and a hedge fund Protege making a million dollar bet. Warren thinks they can’t beat the S&P in a 10 yr period.
Unfortunately, my stock portfolio went down. DRYS is so volatile, it drives me nuts. I should have sold them when I was up. Now I don’t know whether I should keep it or cut the loss while I can. We’ll see…
