Capital Gains Tax
Ned David Research examined stock market behavior after the capital gains tax reductions in October 1978 and August 1981.
Long-Term Capital Gains Pressure: In the last month or so several have commented that the stock market will be subjected to significant selling pressure in late summer, early fall. Inflation Watch: Things are looking better. The possibility of any significant uptick in inflation in the last half of 1983 now looks very remote. However, 1984-1985 is another matter.