[LRoggy]

Capital gains tax, corporate tax cut to zero.

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If you do that now and make it immediately effective all you will do is to guarantee that anyone with a long term profit sells immediately to book the non-taxed income. They WILL NOT REINVEST at this time.

As a son of a money manager in his 53rd year of managing money (actually studined under Ben Graham at Columbia), you don't try to catch a falling knife and get in front of a runaway train.

Fortunes are not made calling bottoms, THEY ARE LOST trying to call bottoms.

This sell off will end when the larger, cash rich corporations start to announce stock buybacks. That is what turned the market the day after the crash in 1987.

[sarasota]

Good information and thanks. Do you have any thoughts on who would be among the first to issue stock buy-backs?

[palmer]

This sell off will end when the larger, cash rich corporations start to announce stock buybacks. That is what turned the market the day after the crash in 1987.

Unfortunately all the stock buybacks have been done already. Microsoft just announced a new one last week and it did nothing. Credit meltdown or hyperinflation, take your pick (Mises was right!)

[6SJ7]

As a son of a money manager in his 53rd year of managing money (actually studined under Ben Graham at Columbia), you don't try to catch a falling knife and get in front of a runaway train.

Do you think inflation-linked bonds would be a good investment over the next 4~5 years vs stocks? Or should I just go shopping for a big old mattress to hold all my money. ;-)