Friday, November 30, 2007

4 Days of Green

The market has been consistently positive for the past four days with big Ben giving the market a push today. I sold some Chipotle today because I wanted to free up some capital and feel like this rally will come to a close on Monday (if we close higher today). People are positive and global money is being pumped into the US economy.

I have been reading about the Temporary Tax Relief Act of 2007 that the House passed a few weeks ago. One of the big issues inside this bill is the tax proposed on "carried interests" regarding hedge funds. This could have a negative effect on the liquid markets if private equity managers start getting hit with a higher tax rate. I will be keeping my eye on this bill (currently before the Senate).

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