Well if you are on extension for your personal income taxes, your time runs out today. I hope you don’t owe taxes, because you will pay an extra penalty for late filing (5% a month, 25% maximum) from April 15. Time to get it done!
Brian’s Tax Musings
Well the President got his 51 votes in the Senate so he can say that his American Jobs Acts would have passed if the Republicans haven’t been filibustering it. The problem is that it has as much chance of becoming law as Legalizing Marijuana does. And since it is a bad law that might create some jobs in the short term before the 2012 Presdientail Elections but will possibly sink us into recession because of tax hikes in 2013, that is fine. Here is an article of why some Democrats voted against the bill:http://www.washingtonpost.com/politics/why-some-democrats-oppose-obamas-jobs-bill/2011/10/12/gIQAILfBgL_story.html
Brian’s Financial Musings
Everyone has heard the term “Triple Witching Hour” in regard to the stock market. What is it? On the third friday of March, June, September and December Stock Index Futures, Stock Index Options and Stock Options all expire on the same day – these are Triple Witching Days. The last hour the stock market is open on these days is the “Triple Witching Hour” and with Traders finalizing options trades and set up new options positions the volatility is extreme.Sometimes fortunes are made and lost in Triple WItching Days and Hours. Stick to your investing plan and don’t worry adout this crazy time (unless you are a trader, then have fun!)