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To: orkrious who wrote (207981)12/19/2011 7:48:24 PM
From: Boolish  Respond to of 312810
 
Tax loss or not a lot of managers have written off this year....best for them to take the toxic holdings off the book and take their lumps....in a year where 98% of their peers are also taking lumps.

So yes there are not a lot of gains to be offset.....but there is a mental aspect to starting 2012 with cleaner books. It isn't the typical tax loss season....but people/firms are still getting rid of what they now deem to be unsuitable whether due to price/fund mandate/ or just plain exhaustion.

JMO



To: orkrious who wrote (207981)12/19/2011 8:53:52 PM
From: SwampDogg1 Recommendation  Read Replies (1) | Respond to of 312810
 
Yes there are
Think 2009-10. This is why the selling is so widespread. It is nothing to do with this year as taxes can be paid back from gains taken especially in 2009 by large funds.