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Apocalypse Now (Again).
Last Monday, the date of the apocalypse got pushed back after Hurricane Irma "failed" to completely
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But what if tax reform or tax cuts are passed? Then earnings go higher, the ratio is lower, and stocks aren’t as expensive?
well yeah. “if stocks weren’t as expensive, they wouldn’t be as expensive”
There are no tax reform proposals only ultimately destructive adverse tax reallocation proposals.