The Dow is Poo

CNNMoney.com Market Report - Oct. 9, 2008 - Dow Tumbles 7%: "Dow falls below 8,700 for first time since 2003 - on the 1-year anniversary of all-time high."

You know what I think?

Of course you care what I think. Otherwise you wouldn't be here.

I think that if the U.S. government is so adamant about shouldering private sector losses right now, they should all but eliminate long-term capital gains tax and cap the short-term capital gains tax at something ridiculous like 8%.

If that doesn't restore investor confidence, fueled by greed if nothing else, then I don't know what will.

No comments: