Larry Kudlow explains the stock market rally:
The best thing to come out of the administration this summer was Treasury Secretary Tim Geithner's pledge to me in a CNBC interview to place a 20-20 limit on tax rates for investor capital gains and dividends. No one, most of all me, wants to see any increase in these tax rates. But at least the Geithner pledge means investment tax rates will stay low. The stock market took a turn for the better right after the interview.