The dividend tax relief helps IPP stocks, since they are prime candidates to start giving dividends, if they survive this down cycle.
My view of the nassacre has been tempered, because the precipitous dollar drop so far has not been met by a corresponding drop in bond prices and increase in long term interest rates. The FED evidently has so far been able to jawbone long rates down, and foreigners are not yet dumping their US bonds. If the dollar manages to base, perhaps in the eighties, without a mass dumping of foreign held bonds, it will bode well for US corporations and we may avoid a nassacre. It's a 50-50 proposition right now, IMO.
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