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Sell the news? As word leaks out about the outlines of an agreement, Bill Gross says a fiscal...
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Monday, December 31, 2012, 1:28 PM ETSell the news? As word leaks out about the outlines of an agreement, Bill Gross says a fiscal cliff deal is no cause for celebration. Capital gains, dividend, and income taxes are all headed higher, with maybe a wealth tax too. "Reduce risk." Perhaps. Tax hikes aren't fun, but markets seem to hate uncertainty even more.
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This news story has 7 comments:
Uncertainty was eliminated when the Bolsheviks defeated the Whites. Russian markets didn't like it.
Uncertainty
Capt. Brian
The Lost Navigator
We must stop spending, tax increases cannot do it. Not even close.
Capt. Brian
The Lost Navigator