Since the tax cut agreement was reached (May 20, 2003), shareholder wealth has increased more than $2.6 trillion (30.1%).
My friend Dan Clifton at the Americans for Tax Reform just sent me the following facts:
Since the closing of the market on Election Day, shareholder wealth has increased $334 billion (3%) in just three days of trading. Total shareholder wealth is now at its highest level since July 3, 2001.
Since October 25th, shareholder wealth is up $661 billion (6.2%). The rapid run up in the market has erased the market declines for the year which is up by $610 billion (5.6%) year to date.
Shareholder wealth is now $974 billion below January 20, 2001 levels.
We may get a second bite at this apple in 2005. Stay invested.