Wednesday, April 26, 2017

The Market On Wednesday

  Good morning. It is 52 degrees and raining here in the Upper Hudson Valley, the forecast predicts a rainy day with temperatures in the 60s this afternoon. Just wait till tomorrow, 70s and sunshine, works for me.

  At 9:10 a.m. the DOW is +4 and the price of oil per barrel is down. The market is poised to open in the flat area.

  We see that Trump wants to cut corporate taxes to 15% and that is going to do a great job of completing wrecking the American economy. If you think the divide between rich and poor is extraordinary right now, wait till this disaster hits the air waves. You aint seen nothing yet.

CNN: Trump's tax plan; Boeing in focus; Earnings deluge by Ivana Kottasov√°
Businesses will be interested to see if Trump explicitly pushes for the 15% corporate tax rate he promised during the campaign.

2 comments:

Glynn Kilara said...

He wants a Russian style ( no surprise) Flat tax on all Incomes. He'll try but I'm doubtful he'll get it this year.

Jim Sande said...

There's no precedent for this working as far as I know. This is a disaster. The truth is, this is what Trump wants, this is really all he wants.