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Donald Luskin's weekend warning that “unless current law is amended before year-end, the...

  • Monday, May 7, 2012, 6:15 PM ET
    Donald Luskin's weekend warning that “unless current law is amended before year-end, the stock market has to fall by at least 30%" generated buzz, but Wells Capital's Margie Patel says fears are "overblown." Likely stabilization in housing prices, sturdy corporate profit margins and muted inflation mean a 30% fall because of dividend tax rates likely is a little on the melodramatic side.
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This news story has 2 comments:

  •  
    Donald must have shorted the market.
    7 May 2012, 07:01 PM Reply Like
  •  
    WSJ had a great comment section on this story, including where to put your money if you are close to retirement and are into dividend stocks, Bonds, MLP's etc. I think most economists agreed that Donald Luskin 30% drop was an overestimate. A good read.
    8 May 2012, 04:44 AM Reply Like
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