It occurred to me that, unlike last year, this tax season is less a reason to sell.
Last year, gains were so great that taxes went through the roof and shares had to be sold to cover....though some would dispute that, it stands to reason that the selloff began right about when taxes were due....telling you it had an effect.
However, this year there were few, if any gains. So, there was less need to sell off. This selloff has occurred a full month earlier than last, so I'm not sure there is a correlation between taxes and the selling.
Still and all, good call on the rally. |
