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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (13781)	11/9/1997 11:46:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

businessweek.com Asia's impact on US- full story in Biz week.

To: Logain Ablar who wrote (13781)	11/9/1997 4:48:00 PM
From: Char	Read Replies (1) \| Respond to of 50167

Tim Can a person actually end of with a negative cost basis due to the wash sale rules. Example: you buy 100 shares of stock at $5. You sell it at $12 1 week later. Two weeks after that it falls back to 5 and you buy it again. Is your cost basis now -$2. Dave

To: Logain Ablar who wrote (13781)	11/10/1997 4:38:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Why the big one is alluding us? Citibank when Prince Waleed bought it looked worst then present Japanese Bank- the share was at 11$ today-? thus is not not in a very distant past-look at that Bank now- don't underestimate the Japanese and their Banks they and their government are not a paupers- don't look across for the disaster to come- they have already started securitisation of their debts and soon you will see the results- their total problem is 200 billion $ and with resolve they can solve it and 6 deals are in offing once this becomes a snowball process like S&L crisis Japanese will overcome present crisis. If the biggest debtor in the world US within four years can bring its deficit down to 42 billion from 279 billion every thing else is miniscule- Japanese need a robust US economy when you see US economy slowing down and unemployment increasing short the market until then don't burn your preciously earned money after a unralisable dream, if your puts needs to see light of some bad correction it has to be domestic economic choas- that is not the case until US remains strong you will see crisis all over being resolved then aggravate. After a tense weekend nice to see Globex strongly up -enjoy your day.