Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (27258)	9/10/1998 5:18:00 PM
From: robert b furman	Read Replies (1) of 94695

James when a share is traded frequently does not the cost of this trade impact the trader and is not at all related to the earnings of the underlying company. The reduction of capital gains makes it less expensive for the trader to retain a higher portion of any profits.This in turn can justify more trading. I think often ignored in this market sell-off is the fact that capital gains holding period has been reduced to 12 months (for 20%)with the IRS reform bill so eloquently (and quietly) ushered thru by the republicans in July.This I believed enabled many sophisticated traders to take some positions off the table and result in some net selling. Slick willy 's been so busy trying to keep hillary in the white house he hasn't been on top of his "protecting the poor and making the rich pay more" urggulldangwhavckedoutpopularrhetoric. BWDIK Bob

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