HILLARY WILL TRIGGER STOCK CRASH

By Dick Morris on October 9, 2007

I give political analysis, not financial advice. But sometimes, the two closely merge. So here’s what I think. Hillary Clinton will cause the stock market to crash as her likely election as president approaches. She says she wants to raise the capital gains tax. Now its 15%. She might hike it to 30% or she might eliminate it altogether and tax profits from sales of stock or houses as ordinary income at 40%. So what will happen? As election day approaches, smart investors will sell their stocks because they will want to pay 15% not 30 or 40 percent. They’ll realize that if they wait, they’ll just have to cough up more in taxes. That will cause stock prices to tank and with them our retirement savings. And that is only the start of the many gifts we’d get if Hillary becomes president. Only the start.

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Please leave a comment below - I would love to hear what you think! Thanks, Dick
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