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Technology Stocks : Intel Corporation (INTC)
INTC 36.20+0.1%Dec 26 9:30 AM EST
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To: Road Walker who wrote (172417)1/9/2003 12:04:12 PM
From: GVTucker  Read Replies (1) of 186894
 
I don't see this as quite as big a deal as most.

If the market perceived this change as permanent, then yes, it would be a big deal. This is how the administration calculated the 10% impact on the equity markets.

The market usually and rightly perceives these changes as temporary, though. Tax laws regularly change, and even if the current proposal sails through Congress intact I think that the market will severely discount the long term impact. In the end, the 5% or so that the market has already moved thus far this year has probably fully discounted the proposed changes.
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