Wed, May 22, 2013, 5:48 PM EDT - U.S. Markets closed
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Sybil: the 2008 bear market started in January.There's a good chance the next bear market will start in Jan 2013.The main reason why most stocks hold off being sold until jan is taxes.That creates a supply shortage and results in a last hurrah.
And this year isn't like the others in that respect. If you don't think taxes are going up, you are nuts. They are. Who knows, even if R^2 wins, may end up with a simplified structure where all income is taxes at 25%. That's a big difference for those holding LT cap gains here...