Sta2434
Bearish
now
$SPY So let me get this straight… there is now a new global corporate tax. At 15%. Which means companies like Facebook and Apple will be paying taxes for other countries. EVEN IF THEY DON’T SELL PRODUCTS IN THOSE COUNTRIES! Does that make any sense? No. Is this good for the United States equities market? No. Simply put, this will hit profit margin‘s for all American publicly traded companies. Tuesday will be red for this reason. The market has not absorbed this information yet. A long weekend will get people thinking. It’s not rocket science to understand this will hurt profits. They’re paying more fucking money in taxes it’s a very very simple Concept to understand.
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