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To: Tech Master who wrote (9841)12/1/1997 5:14:00 PM
From: Trader X  Read Replies (1) | Respond to of 17305
 
Get ready for a nice december run...

I'm a little concerned about the reduced cap gains rate effective Jan 1...historically it's been a weight on stocks...large caps in particular...but it may have the effect of helping push up small caps.

Don't expect much profit taking before 1/1/98...BUT do look for losing stocks to get hit with tax loss selling to offset the large gains made in other stocks. Stocks near 52-week lows now may hit new lows as the market rallys into Christmas.

Kevin