cancel
Showing results for 
Search instead for 
Did you mean: 
giolucas
Frequent Contributor

Re: From the floor September 29

Thanks Mike for your helpful perspective.  I decided to buy more, @ 1085, so I had double the fun and held on! I just got out with a little profit.  Crazy market.  I am holding off on trading for about an hour to catch my breathe.Might just wait till tomorrow. Smiley Happy Call me chicken.

0 Kudos
Palouser
Senior Contributor

Re: From the floor September 29

Horrible market? Seems like the same ol', same ol' to me, only better.

 

Just money chasing money? Why is that different?

 

As for grain, the yield in corn is all important. As in carry over. Fundamentals, and the fear of them seem to be the main drivers IMO.

 

I don't mean to b e picking on you Nox but you seem obsessed with doom and gloom. I don't remember you this out of sorts when we were trying to skirt the financial black hole. I think we are by it, even though our economic energy is sapped. NOw we are going to get the economy going through tax cuts, though it causes a huge mountain of debt. It's going to be a long road because consumers are tapped out. Of course the players with monopoly money are going to come to our rescue. Don't worry, be happy!

0 Kudos
GoredHusker
Senior Contributor

Re: From the floor September 29

Since you brought it up, I'm going to ask you a question.  This really doesn't have much to do with marketing, rather it has to do I suppose with marketing of years past.  Right now, we don't know what happens to the Bush tax cuts.  Due to rather large marketing gains over the past few years, I'm in somewhat of a dilemna.  Here's the question:  should I take my tax beating this year while the Bush tax cuts are in place, or should I gamble with the thought that they may be extended for each income group?  The thought of taking this big of hit all at once isn't very attractive, but looking at the national debt and potential future tax brackets looks even less attractive.  I could lessen some of the burden by buying a new line of equipment, but this just isn't my style.     

0 Kudos
dapper7
Senior Contributor

Re: From the floor September 29

i like your style husker! lol. maybe it is a known loss compared to an unknown loss. like that bird in the hand thing! d7

0 Kudos
Palouser
Senior Contributor

Re: From the floor September 29

Husker, I don't know too much about this, but if my memory is correct, reverting back to the former tax code is only a matter of a 2% percentge points on the scale - on that money in that bracket. Now, maybe you rake in a pile, in that case it might be another 1% in that next bracket. I don't remember the difference. If I'm remembering right I don't think buying equipment should be made for the difference in tax rates. If you have other reasons, maybe.

 

Fact of the matter, ag has good breaks, like income averaging (that no one else has?). If your income is high you sure can take advantage of retirement accounts.

 

If you're still having tax problems then your making enough money I'm not really going to worry about how it comes out for you Smiley Wink