Today's Stock Market Swoon

[Max B. Sawicky]

. . .  Monday is tax day. A lot of winners at the Wall Street casino owe a 
bundle on their capital gains, and are probably cashing some chips to pay 
their taxes. . . .

Not likely.  Taxes on cap gains are not owed unless
you cash in, so you needn't cash in to pay taxes on
gains that are not yet taxable.

I'm no tax-planning bandit -- that's a whole career
in itself -- but far as I know the only relevant day
for tax avoidance is Jan 1, since gains realized then
are pushed into the next tax year.

mbs