Hey to me the rate cuts were way more destabilizing because I was short into every one of them! 
The cap gains rate isn't the problem. That only effects American investors. The concern is corporate tax rates. How many Obama ads do you hear each day "while Barrack Messiah will cut taxes to 95% of American's, John McCain's plan will give away billions to greedy capitalist corporations who ship your jobs overseas and warm our earth." Investors purchase net and net is being assaulted from all sides. It's not Obama per se'-the time makes the man-but his appeal is representative of a global malaise coinciding with the climax of a global spending/borrowing binge. Drunk with riches one night in cardiac arrest the next.....

The cap gains rate isn't the problem. That only effects American investors. The concern is corporate tax rates. How many Obama ads do you hear each day "while Barrack Messiah will cut taxes to 95% of American's, John McCain's plan will give away billions to greedy capitalist corporations who ship your jobs overseas and warm our earth." Investors purchase net and net is being assaulted from all sides. It's not Obama per se'-the time makes the man-but his appeal is representative of a global malaise coinciding with the climax of a global spending/borrowing binge. Drunk with riches one night in cardiac arrest the next.....
Quote from oktiri:
I don't have confidence in equity markets since almost two years now. I'm only trading currencies (even those have some wild swings) and commodities, and rarely keep a position for longer than a week.
Is there anything more disrupting to the markets than middle of the night rate cuts and injections of capital......
Capital gain increase, I can price it (I hate it, but I can price it)
Weirdo political interventions ? can't.
The Capital tax gains portion of Obama's plan is a negative effect but measurable....certainly didn't become new this afternoon