Market Math

(1) Flynn, the Flim-Flam Man. (2) Another impeachment panic attack? (3) Bad news tends to be ignored during meltups. (4) Focusing on S&P 500’s tax rate. (5) A drop from an effective tax rate of 25% to a statutory rate of 20% would add an estimated $6 a share in 2018. (6) Targeting S&P 500 to hit 2800 by mid-2018 and 3100 by end 2018. (7) S&P 500 forward revenues and earnings making new highs. (8) OECD tax data for 2016 show corporate tax burden relatively light. (9) OECD: Americans paying relatively high property taxes, low sales and social security taxes.