Monday, December 21, 2009
Was That It?
Was the selling that began after the FOMC announcement finished by Friday afternoon? That is about 2 days of trading. This gap up is following the same old pattern of buyers coming in on Monday morning gapping up the market significantly. The post expirations trade seems to be the buy side, but I am expecting some selling in the 1st half of the day.
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3 comments:
Market rallying, Gold free falling. WTF ???
Dollar is strengthening again, and market is still going higher. Nothing can stop this market. It looks bulletproof.
It's the end of the year dawg, and the rally has only lasted for 9 months. People need to hold onto stocks for 1 year to lock in a 15% capital gains tax. Otherwise they're paying the same rate as their income and if they are traders, it's going to be 35%+.
I doubt people are going to sell now and pay that tax rate. They'll wait till at least the beginning of next year.
Taxes dawg. They influence people.
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