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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?


To: Jack Clarke who wrote (9775)11/29/1997 4:51:00 PM
From: Rational  Read Replies (1) | Respond to of 18056
 
It is possible (and perhaps the case) that Foreign CB's exchanged their US Treasury holdings at the Fed for US$ (cash) -- this is the injection of liquidity under the PACT of BOJ with Fed. The main point is that foreign CB's do not have to sell their US Treasuries in the open market.

Sankar



To: Jack Clarke who wrote (9775)11/29/1997 5:32:00 PM
From: Monty Lenard  Read Replies (2) | Respond to of 18056
 
To All******

Wondering out loud??
What happens when the new capital gains rates kick in? As you know there are some increased holding periods for the best tax benefits on LTCG.

If I had not already gone to cash and was sitting on some large gains, I might consider assuming some additional risk by waiting a little longer before selling.

I wonder if some big dollars are waiting to dump?
This may be paronoia on my part or maybe wishfull thinking. Hell, the more I read the more I think this thing is being held together with a thread.

TCLAUDE