A typo killed the Nasdaq?

Discussion in 'Economics' started by Overnight, Dec 5, 2017.

  1. Overnight

    Overnight

    Technology firms and utilities might be hardest hit by retaining a 20 percent AMT in the tax legislation -- factors that appeared to weigh on the stock market Monday.

    "A simple “drafting error” ” most likely left the AMT in the Senate bill at 20 percent, said Jennifer McCloskey, director of government affairs at the Information Technology Industry Council, a group that represents tech companies including Google, Oracle and Amazon."

    Yeah, that little drafting error has tech indices -1 to -1.5% since Monday morning.

    Here's the guy who drafted the thing...
    [​IMG]
     
  2. "Johnny, what can you make of this?"

    Owwww! I can make a snake, I can make DNA, I can twirl and make a caduceus!!!
     
    Overnight likes this.