Stocks Say "Show Me"

So, Larry Kudlow is reporting that the extension of dividend and cap gain tax cuts is a done deal. Fantastic, but the markets don't believe it. The stock market is in a Missouri mood given that this important tax policy legislation was supposedly a done deal back in January, but the Republicans in the Senate botched it. The market has no faith in this Congress's ability to get pro-growth policy passed. Any boost in markets from this policy achievement will have to wait until after the votes are counted.