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To: Lucretius who wrote (51400)12/26/2000 9:17:21 PM
From: KeepItSimple  Read Replies (1) | Respond to of 436258
 
Heard on CNN that the clown who shot up the internet office today had just had his wages garnished by the IRS, because he failed to pay inflated quarterly estimated taxes against some stock options he excercised earlier in the year.

The ol' "You owe 100 grand on stock that is now worth 50 bucks, too bad" .. Since he didnt have the money to pay this ridiculous tax, the IRS decided to take it from his paycheck directly.

And thus, he went postal.

Not surprising at all. I give that stupid tax law about 3 months before it is overturned. That and the estate tax are HISTORY.



To: Lucretius who wrote (51400)12/26/2000 9:19:17 PM
From: marginmike  Respond to of 436258
 
Yah, dont you know buy the financials, cause they always do well when the fed cuts. Just like in 29,74,90 right? JPM and AMX will hold DOW. Of course IBM at 89 is SOOOOO cheap, and HWP is a real value play, cause the PC is here to stay.

-GGGGGGGGGGGGGGGGG-



To: Lucretius who wrote (51400)12/26/2000 9:27:02 PM
From: pater tenebrarum  Respond to of 436258
 
no, that would take the Dow with it. the reason i'm focusing on the Wilshire is that it doesn't have this built-in erroneous distinction between 'old' and 'new' economy. there is only ONE economy. and the Wilshire is its broadest cap weighted representation in the stock market. the other one, non-weighted, VGY is in a bear market since April '98 already.