Tax cuts and the stock market

[Silver Hilton]

For those who were defending the dividend tax cuts yesterday, I'd like to point out that the stock market is down substantially. The pros don't seem to think much of the stimulative effect.

On a brighter note, Coach (COH), a maker of luxury purses, and New Century Financial (NCEN), a lender to sub-prime borrowers, are announcing increased earnings. A reasonable conclusion might be that rich folks are still doing OK, and there are lots of new poor people to sell expensive loans to. Pacific Sunwear (PSUN), a maker of ghetto style youth clothing, is also doing well.

Another top performer is Biosite (BSTE), a maker of test kits that test for commonly abused legal and illegal drugs.

Noticeably weaker, however, are the core stocks of the American economy, the Dow 30, manufacturers and retailers broadly, and technology.

[The Fishing Geek]

Folks, he says these things with the surprise simply DRIPPING from his voice.

[Miss B Haven]

I figure I can retire if the Tax cuts pass. Lets see - about $200 a year in Divies, that's darn near $40 a year I'll save! Man- I'm turning in my notice and going fishing! [img]graemlins/berry.gif[/img] [img]graemlins/dork.gif[/img]