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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Casaubon who wrote (1057)	2/24/2001 5:01:45 PM
From: JRI	Read Replies (1) \| Respond to of 52237

"Forced sales" sorry C....used wrong term...let me rephrase.....there were a number of investors who cashed out of some pretty heavy gains by selling Sept.-Dec. 2000 (and maybe before)...these were folks who likely planned to hold long-term....perhaps years....to receive 20% and below cap gains rates.....with the plunge, these were essentially "forced" sales....a lot of these folks wanted to buy-and-hold....but decided its better to pay tax on a gain, then watch it turn into a loss.....many of these folks (since it occurred so late in year) did not make installment payments during year (since they had no idea they would be selling so soon)...even still, they paid 90% of previous year's liability, so they will be OK...but they have to pony up a fat bill in April (if not before) Is that more clear? I don't think this is an insignificant amount..

To: Casaubon who wrote (1057)	2/24/2001 8:41:24 PM
From: Challo Jeregy	Respond to of 52237

State Jobless Figures Defy National Trend By STUART SILVERSTEIN, Times Staff Writer California's unemployment rate dipped to its lowest level in more than three decades last month, an apparent show of economic strength that defied the nation's slowdown and the state's energy crunch. The jobless level fell to 4.5% in January, down from a revised 4.7% in December. Officials also announced Friday that California in 2000 gained more than half a million jobs, the best yearlong performance since 1978, according to the state's annual reassessment of employment figures. But not all of the economic news was good. In Los Angeles County, which never enjoyed a boom rivaling the Bay Area's surge since the late 1990s, unemployment edged up to 5.2% in January, from a revised 5.1% the month before. What's more, a separate employment survey that normally is one of the most trusted state economic measures showed a big loss of 50,200 jobs in January. Most analysts discounted that report, however, maintaining that last month's figures were skewed by quirks in government techniques for calculating job totals. Taken together, the flood of employment figures was a pleasant surprise for analysts who track the economy. Though the state's most prominent business forecasters have said they expect California to avoid falling into recession this year, some felt that an energy-related slowdown might already have begun. more . . . latimes.com