Today's Stock Market Swoon

[Max B. Sawicky]

Max, the tax argument is a logical possibility.  Say that I sold by
Cisco or Qualcomm earlier this year to buy a new hot IPO.  I incurred
capital gains, but may not have money on hand to pay my taxes.  I have no
idea how important this phenomenon might be.
>>>>>

The gains you incurred this year are not taxed until
next year, tho it's possible you would be obliged to
pay some estimated tax.  But that has nothing to do
w/April 15.  If you realized gains last year and plowed
it back into other stock, expecting to cash out only
to pay your tax on 4/15, then there could be some
effect.  Of course, capital gains are taxed at a
pretty low rate to begin with, and the rules are
so complicated there is often a way to plan how
to avoid tax on realized gains legally.

mbs