Angels of Alchemy Message Board

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Strategies & Market Trends : Angels of Alchemy

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To: Bald Man from Mars who wrote (19953)	11/10/2000 5:16:39 PM
From: Jack Hartmann	Read Replies (1) of 24256

I don't understand why everyone thinks there is a year end rally. I am so accustomed to seeing a Santa Claus rally due to people/funds buying then. We have some factors in our favor now. - we are off around 40% from the March highs - funds have to have put that 10% cash to work. - earning season is almost over and most of the bad news is past - no rate hike coming - unemployment still low - inflation still low - interest rates are reasonable - oil prices have been going down for the last two months Tax loss selling seems to be overrated for affecting the market since you can only carry $3000 into the schedule D for any one year. Now if your are up 100K and need to sell 98K of losses to avoid taxes, then it is a different story. I doubt many are looking to trim down losers to lower taxes. Jack

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