Surprised no one’s commenting on today’s market yet :).

It’s a fools rally based on the Fed’s last-ditch efforts to avoid a systemic financial collapse. I can’t imagine a more clear sell signal than this.

Free capital gains means I (and others) would just double-down on our shorts. It would crash the market in no time.

Now, double the capital gains on shorts/puts and eliminate it for long positions? That might do something.