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where have all the traders (and Investors) Gone??
- Thread starter GD2KNO
- Start date
it happened in october this year.
Quote from GD2KNO:
Don't recall it being THIS slow, especially for so looooong
Happy Holidays
Here's a thought, one that I have been waiting for quite some time...Bear Markets typically don't end with THE BOTTOM..as evidenced in July, or October...they typically begin thier demise when investor apathy sets in, i.e. no one cares anymore, and the long awaited weeding out process begins...when everyone just gives up from lack of interest.
We may be seeing the start of this now, as we are basically where we were since late October.
Something to ponder.
Happy Holidays
I discussed this with another trader i know last week....He was hoping for the old "JANUARY" affect....but there's one problem:
IN the late 90's people MADE huge money and then would sell all their losers in December for tax purposes, and would often buy them back in January....ex: you owned dell at 30...it was 27 in December....sell it , write the loss, wait 30 days and buy it back as a long term hold at 28 or so.....the problem is, everybody has losses....there's no longer huge gains and tax liability to off set. Could be quite some time before we see that again.
IN the late 90's people MADE huge money and then would sell all their losers in December for tax purposes, and would often buy them back in January....ex: you owned dell at 30...it was 27 in December....sell it , write the loss, wait 30 days and buy it back as a long term hold at 28 or so.....the problem is, everybody has losses....there's no longer huge gains and tax liability to off set. Could be quite some time before we see that again.