Perspective. Sometimes the stock market sees a Glass Half Full other times half empty its a very rare market that looks at a half full glass and judges it to be overflowing. Thats what we had today with the dow. Nasdaq pulled 1. 13 . In the last two hours we have seen events that might give investors pause. This time this gave buyers the opportunity to get in while the getting is good. The buyers are embracing the future lets go over some some of these issues so you know what im talking about theyre calling lessing to create a rip snorting bull market first, its a very rare time, very rare occurrence when the absence of negative, however fleeting or relative creates a stampede of buying but the fact that north korea chose not to test a missile on saturday, the day of the foundation of the republic has the holidays known there came as a shock a single that we may be dealing with a bellicose leader kim jongun. The fact we can sprinkle on very little and little happens its a blind faith t
Today, all triggered by headlines about the gop tax plan. The big fear for the market, the steep cuts in the Corporate Tax rate may be pushed back until 2019. And with that, stocks sold off, though eventually they cut some of those losses. The dow finished the day down 101 points to23,461. The nasdaq dropped 39. The s p 500 was off nine. The tax wrangling included, today, the passage of the legislation by a house panel. That paves the way for a full house vote next week according to majority leader kevin mccarthy. But what moved stocks today was not news but details from the newly released Senate Version of a proposed law. Ylan mui has more. Reporter the senate releasing its longawaited tax plan today. That proposal would delay the deduction in the Corporate Tax rate by one year. It wouldnt get down to 20 until 2019 but it would stay there permanently. It would limit the companiess ability to deduct interest. There are big changes on the individual side as well. The senate bill would k