Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: OLDTRADER who wrote (167700)	10/31/2001 4:12:18 PM
From: t2	Read Replies (2) \| Respond to of 176387

Just a little more information on month end tax selling. I read Cramer's article (realmoney.com). He seems to suggest that most mutual funds also have the October 31 year end, which coincides with the selling for tax reasons for this year. His point was that investors are reluctant to put money into stocks until after the end of October because people have gotten hit with capital gains when jumping into the funds in October. I think he has a good point and we should start heading up on the Nasdaq. Whether the funds had to sell last week for settlement today is really not important if one looks at it this way. It all has to do when the individuals want to put money into the funds and that would be November 1. Semiconductor industry is putting out positive news, especially those connected the PC industry. Even the contract manufacturers were positive on PCs--heard SCI paint a good picture for this sector of their business. There is still a lot of cash on the sidelines. Sooner or later, the lower money market yields will force money into the equity funds. Would noted that Maria mentioned that amounts held by equity funds has decreased but I would note that has also coincided with the drop in equity markets. In addition, the incredibly strong rally in the bond market this week also will lead to asset allocation changes in favor of stocks Looks like a perfect setup for a major stock market rally, imho. Solving the anthrax case would also give it a huge boost.