Today's Stock Market Swoon

Doug Henwood dhenwood at panix.com
Tue Apr 18 14:50:28 PDT 2000


Max Sawicky wrote:


>I heard it mentioned a few other places
>too. Though assertion is not the same
>thing as demonstration, and the rational
>is not always the real.
>
>uncharacteristically philosophic,
>mbs
>
>
>Yesterday's Wall Street Journal coverage agreed that cashing in to pay taxes
>was a significant cause of Friday's swoon.

For what it's worth, this is Jude Wanniski's explanation. But to Jude, taxes explain just about everything.

Doug



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