I wonder why you believe that the market would worry about this when the first time Obama will get his hands on the budget or anything else is 2010. The 2009 budget is completed. The taxes are the same until 2010. Why would the market worry about it now?
Boy are you wrong.
Don’t you remember Clinton and his retro active tax increase on the “wealthy” when he got into office????
Taxes can be increased today.
Those who actually pay taxes know quite well about clinton’s retro tax.
Also there is a gut check going on here.
OBAMA IS CAUSING MARKET PANIC.
OBAMA=TAXES
this is not the carter years when 30 year treasuries gave 7% and the market only gave 3%.
If anything obama is trying to push money into zero adjusted for inflation yiels so the government would have the money.
It is LITTLE WONDER the market is panicing in order to move the money out.