Underneath the Market's Hood
I often like to use analogies to get a point across...
The point I was trying to get across in this analogy is: I don't believe the decision to extend the Bush Tax Cuts to all US tax payers was a wise one.
To me, as is the case with the S&P 500 Index analogy: we need to distinguish between large caps vs. mega caps. We also need to do the same in the tax-income reality: distinguish between the high net worth individuals vs. ultra high net worth individuals...
The ultra high net worth individuals income might not be affected for another 2 years but I am certain the S&P 500 Index will be affected by this decision!