capgain

Where's the Bottom? Still Anybody's Guess

Very thoughtful effort. It is all too easy to get caught up in the "We have to do this $800 B rescue plan or the markets will collapse" fervor, but there ARE alternatives that deserve consideration. Right now there is roughly three trillion in "idle" capital just sitting on the sidelines waiting for the dust to settle. Some of that is mine and, like T Boone, I "have a plan."

With one easy move by our genius legislators in DC, we the investing public will be able to say to the Paulson posse, "Thanks, but no thanks!!" All they have to do is lower the capital gains tax to ZERO for ten years. You can almost see and hear that three trillion racing by!

A far-out idea, perhaps, but the unpalatable alternative is to have the govt control another hugely important aspect of our lives.