Is this the Wash Sales effect?

[Tums]

people are unloading the loss causes now, so that they can buy them back in early January?

 

[stock777]

what loss, the market is up this year.

 

[stock_trad3r]

Quote from Tums:

people are unloading the loss causes now, so that they can buy them back in early January?

Um is your trading screen stuck in 2005? There were no losses this year.

 

[HolyGrail]

Apparently no one has had any losses this year. I know I have. I must be the only one.

 

[Moneyball]

There are obviously stocks that are down on the year, plus it doesn't matter if the stock is up or down for the year, it only matters if it's up or down from where you bought. If some of the big players just bought big blocks of stock that are in the red since they purchased, they could sell for a loss now.

That being said, I don't think that had much to do with the sell off. We can't be up EVERY day!