Sunday, February 22, 2009

Monday Dow

Friday's Dow Jones Industrial Average closed at 7365.67. Saturday, major features of the President's budget were leaked, including a package of business and higher income personal taxes, and a pledge to halve the deficit by the end of his term. I would not be surprised to see the Dow tickling 7250 tomorrow. People are seeing there's no incentive to invest in American business, but lot's of incentive to be an American bum. Tax cheats seem to fare even better.

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