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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (28075)5/11/1998 10:28:00 AM
From: Mike M2  Read Replies (1) | Respond to of 132070
 
Skeeter, I agree, AG & co should have hiked long ago. it is too late IMO fer an orderly decline of this PONZI scheme. It's going to collapse regardless of what the FED does . The danger in waiting is de mkt goes higher. If they are truly concerned about the mkts they should give de mkt a little tough love and hike but i think they are more politically motivated and talk de talk but do not walk de walk. The FED would rather not appear to be at fault. With all this talk about rate hikes if they don't hike the mkt may really go wild on de upside. Mike



To: Skeeter Bug who wrote (28075)5/11/1998 11:33:00 AM
From: Knighty Tin  Respond to of 132070
 
SB, Since when has the New York Post become financially literate? <G> This was a good piece. I especially liked the part where he talked about tax consequences of selling. It is not like avoiding cap gains taxes now makes them go away. Of course, some may feel that the difference between long and short term may be worth holding on right now. But for those who have long term gains, delay is not avoidance.

MB


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