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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Chuck Williams who wrote (783)	10/18/2001 11:32:19 AM
From: The Freep	Respond to of 99280

<<If the funds were forced to sell due to redemptions, I'd bet they'd sell their losers - figuring they'd have to sell them in a month or two anyway.>> Yes, that's certainly likely and might explain why we ended up with Zeev's "two lows combined into one" scenario. Funds fiscal year usually ends at the end of October. I think the tax-loss selling in question, however, is INDIVIDUALS not funds. And based on years past (major selloffs in Sept/Oct and yet tax loss selling still appearing in December), it seems likely to me that some form of the same will still appear. That said, we'll never really know, cuz if stocks go down, we'll hear a multitude of reasons why it's happening, and if stocks go up, we'll hear another multitude of reasons why. the freep