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I think the corporate tax cut going away would alone cause a tremendous correction (not debating on whether it should be done or not)

I am not sure whether it will be rolled back completely. The market was going up before the tax cut and tax cut has not helped the GDP beyond couple of quarters. We may have some short-term pain but in the long-run over 2 to 5 year period that correction may be recovered.

Remember, even before the tax cut not many companies paid at 35% rate.
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