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Tea Party Crashers

Started by Conan71, April 13, 2010, 03:55:21 PM

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Cats Cats Cats

You can also say that a decrease in capital gains tax rate leads to a large stock market correction. 

1987 (the tax increased that year, but we will just say it was from the drop the previous 8 years).
1990 (rate dropped) Dow corrected from 2961 to 2398 -23%
1998 (rate drop 1997) Dow corrected from 9337 to 7640 -22%
Then of course dropping back down to 7000 in 2009 from the 14000 high.  Sometimes it gets delayed.  Of course the tax cut is expiring so the market should still be declining.