We go over the fiscal cliff, any thoughts on how much of a discount we can buy blue chip

[RB TexLa]

stocks for?

Guesses?

[brooklynite]

1. Well, that all depends...

...did you lose your job or get furloughed because Government spending was cut sharply?

...did you lose value in your 401K/IRA so you don't have the funds to pay for blue chip stocks?

...do you have to hold on to your available funds to pay your higher tax rates?

[RB TexLa]

3. None of that changes the price of the stocks

[lastlib]

6. It might affect someone's capacity to buy them....

[dawg]

2. It's hard to tell.

By all rights, it should already be priced into the market. If the pubs can't even get their act together to vote for Plan B, then I don't see how it's possible to avoid the cliff.

But the stock market is notoriously delusional, and we may see a 10-15% pullback once it finally dawns on everyone that this thing really is happening.

[RagAss]

4. 20% tops....for a brief period right after the fall.

[NeoConsSuck]

5. When are you looking to buy?

We don't have a fiscal cliff, we have a fiscal slope. The economy is not really going to get hit unless this drags on after Jan. 1st. But if you buy on or around the first week of January, and nothing gets settled, and we fall back into a recession, you're going to wish you would have waited.

Do you know the stocktrader's saying: Never try to catch a falling knife.

[Sgent]

7. I would guess

no more than 10% or so across the board; however, certain stocks will be effected much more than others.

The proverbial "widows and orphans" stocks (utilities, etc.) could face 20-30% or more declines if there is no hope of a deal going through. The pricing of those stocks is heavily based on dividends -- and the marginal tax on dividends going from 15% to 45% will hurt.

[Codeine]

8. I don't profiteer with you. nt