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Pastimes : The Big Tex House of Coin

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To: Jeff who wrote (17698)	3/25/2001 9:34:50 AM
From: Robert B.	Read Replies (1) of 19297

I agree with your post, but it's not just the folks who didn't tax sell in December who are in trouble. I highly doubt investors sold stocks at their highs in March/April last year and put all of the money back in the market. I guarantee there are many who sold, bought a boat/bigger house/paid off their mortgage/new car/etc. They put some money back in the market, or maybe put it back in during the summer crash thinking that was the bottom. Now, even if these people tax sell, they still have taxes to pay on the capital gains they spent. And if they reinvested in techs, they lost most of their money. The only way to pay taxes for these people will be to sell the remaining stocks they have or use their savings (or start selling the items they bought last year and refinancing). Disclaimer: I could spend more time on my post. I'm sure I can make it clearer to all if I wanted to. But this is a chat room, and the "TO" at the top of the post shows that this post is intended for Jeff. I am not going to spend any time making sure my post is clear to every SI member, as I know Jeff will understand what I have written and he obviously is the intended recipient of this post.

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