Will Shorts Cover To Book Profits Before Capital Gains Increase?
What is interesting is that they have been calling for Longs taking profit to avoid Capital Gains. What about all of the Shorts from $700.? They will surely cover to capture their gains at a lower Tax rate as well.
It's a fair question & one that I wondered about as well. Seems as though this should be the case. Just like the extra selling that went on from longs, we should get extra buying from shorts in the near future.