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Strategies & Market Trends : Classic TA Workplace
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To: jan_vandermeer who wrote (55946)10/10/2002 12:29:56 AM
From: Softechie  Read Replies (1) of 209892
 
DJ MARKET TALK: 37 Years Of Work Close To Down The Drain

09 Oct 15:53


Edited by Thomas Granahan
Of DOW JONES NEWSWIRES

(Call Us: 201-938-5299; email: tom.granahan@dowjones.com)

MARKET TALK can be found using N/DJMT

3:52 (Dow Jones) Sliding U.S. equities run the risk of eroding 37 years of
unrealized capital gains by foreign investors in U.S. stocks, says Merrill
Lynch's chief global strategist, David Bowers. Unrealized capital gains by
foreign investors on U.S. stocks have already been cut in more than half since
1Q 2000. If the S&P 500 was to slip to 700 points, it would effectively put
those investments under water, which Merrill says raises another risk for
dollar. (JNP/GMM)
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