Seeking Alpha

The fiscal cliff talk is nonsense, says Marc Faber, arguing it means minor tax hikes in 5 years...

The fiscal cliff talk is nonsense, says Marc Faber, arguing it means minor tax hikes in 5 years and spending cuts in 100 years. Stocks are going down and will continue to do so, he says, because corporate profits are disappointing and the global economy is stagnating at best.
Comments (3)
  • wyostocks
    , contributor
    Comments (7641) | Send Message
     
    Exactly. This is all MSM BS.
    13 Nov 2012, 10:05 AM Reply Like
  • Richard Frank
    , contributor
    Comments (11) | Send Message
     
    I agree with Marc. We are witnessing - from a psychological point of view - a similar situation as when we went thru Y2K. Everyone was made to believe the "sky was falling" where, in fact, nothing happened. I believe we are over-reacting to the "fiscal cliff", and agree that the global economy is stagnating at best.
    13 Nov 2012, 10:13 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    It won´t happen overnight....some people will sell stocks now to get a higher price per stock for the dividend stocks they hold....look at Utilities right now...Capital gains to..some will sell for this reason....take the gain now rather than pay more later..in the future...less hiring...less profits...less income...less taxes pain..Obama does not know economics..it just sounds good to tax rich people....more people on welfare..bigger deficits...
    13 Nov 2012, 10:18 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|