SPDR S&P 500 (SPY)

[risk on]

Two schools of thought in my head regarding FANG vis a vis tax cut proposal.

Firstly , the symbols should be moving up strongly based on these new proposals, without hesitation based on common sense of potential buy backs.

Secondly , maybe the first is not such a shoe in. The tax rates may be going down vis the new tax legislation, but why o why would I pay 20+% on money when I can now effectively pay ZERO % with current tax law allowing for offshore schemes. As far as “ repatriation “ , why would I bring a dime back to the states, even at say 5% , when I can keep my money right where it’s at for 0% .

5% of even $100B is still $5B I don’t / won’t pay .

This is another red herring rouse that makes up the new “ tax reform “ BS spiel.

A recent conference of Business heads was polled in the spot by Gary Kohn , and asked “ how many plan on reinvesting into business development these new funds you’ll have?” 5 hands went up, 5 Out Of at least 50+ attendees . Leading the moderator to ask “ why aren’t more hands going up?”