Have The Markets Decided to Ignore Proposed Tax Plans?

[crondanet5]

Don you are correct the markets have about given up on tax reform. No good Republican would introduce a tax program that did not balance the budget, and that means rob Peter (us) to pay Paul (corporations). Add that to the inability of the Republicans to pass any major legislation makes tax reform doubtful. So the markets turn their over the horizon radars to seek another reason to raise market value. Nothing showing up yet. cnbc talkers say market drop coming soon. We'll see.

Are you still motor homing? Where do we find you these days?

[Tomanyiron]

David Rosenberg on where we are in the cycle—
“It’s not Donald Trump’s fault that he comes in, heading into the ninth year of a bull market in economic expansion. In fact, this is the curse of the Republicans, is they always seem to come in late in the cycle. Do you know that every single Republican president back to Grant, so I’m going back almost to the Civil War, had a recession in the first half of their first term? I can’t, you know, I can’t fathom that except that it’s just bad luck. Like George Bush, 41, George Bush, 43, both coming in late in a cycle with the Fed tightening. You actually want to come in, if you’re President and you want a real tailwind, you want to come in when Clinton came in. You want to come in when Obama came in, at the low point of the cycle with Central bank giving you a liquidity tail wind. Do you not see that we are nowhere near there? This already is going down as the third longest expansion, not just since the post-World War II era, but since the Civil War.”

Another David Rosenberg interview, addressing this upside down market with stocks/bonds, international markets. http://www.cnbc.com/video/2017/06/19/th ... nberg.html

[ArrieS]

David Rosenberg on where we are in the cycle—
“It’s not Donald Trump’s fault that he comes in, heading into the ninth year of a bull market in economic expansion. In fact, this is the curse of the Republicans, is they always seem to come in late in the cycle.”

Makes perfect sense. When everyone starts making money again, at work or in the stock market, that's when they don't want to pay taxes anymore, when they have something to tax.

[kdfwr310]

Most people have been conservative with their investments after getting burned so badly in 2008. Now that there's hope in the markets, people are spending that money they've been sitting on.

I'm more of a real estate investor than a stock investor, but there has to be similarities. I bought a flip house in March, there were 46 bids! This isn't in a large metro area either, just a mid-size city. Mortgage rates and gas prices are low, people are spending. Good for the markets for now.