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To: yossarian67 who wrote (2130)2/26/2001 8:04:24 AM
From: Jack Hartmann  Respond to of 6930
 
meaning entire portfolios are going to need to be sold off to cover that option tax liability

What a scary thought. Been watching the brokers like LEH, MSDW, ML, and GS taking a hit this last week. Perhaps they are taking huge losses as the flight to bonds occurs. Leaves them with positions that are illiquid to get out of.

Jack