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To: Cynic 2005 who wrote (40947)	11/27/2000 10:40:14 AM
From: marginmike	Respond to of 436258

COT out yet?

To: Cynic 2005 who wrote (40947)	11/27/2000 10:48:16 AM
From: LLCF	Respond to of 436258

<I believe that the tax loss selling will be so nasty this year that it will bring just what the doctor ordered.> Got ideas??? Subject 37461 DAK

To: Cynic 2005 who wrote (40947)	11/27/2000 2:09:45 PM
From: chic_hearne	Respond to of 436258

Besides, for truly long term investors with deep pockets, there is no real incentive to buy stocks till new year as the tax on long term gains will be 18% if you bought them after Dec 2000. So, there will be a buyer strike. (I am speculating). Really? It's currently 20% I believe? This seems like entirely reckless policy making that would lead to the buyer strike you suggest. You'd think someone could envision this happening and set the change date to something in the middle of the summer or something. But to set the date right when tax loss selling occurs? I wouldn't expect anything less out of Washington. ho ho ho... Dung just went red. Shouldn't have been so tentative with the nukes this am....

To: Cynic 2005 who wrote (40947)	11/28/2000 4:23:11 PM
From: chic_hearne	Read Replies (1) \| Respond to of 436258

Besides, for truly long term investors with deep pockets, there is no real incentive to buy stocks till new year as the tax on long term gains will be 18% if you bought them after Dec 2000. So, there will be a buyer strike. (I am speculating). I think you are incorrect about this. I asked around and got this back as an answer: "The LTCG rate change most likely applies to sales after Jan 1 if you purchased at least one earlier. It would not apply only to new purchases. At least this is the way rate changes have been put into effect in the past."