I do not want to be too early here, but the stock market looks like it wants to correct in 2014. The first three trading days have been to the downside, and volume is accelerating today. Can we still blame this on "tax selling? It is long overdue for a good 10% correction.
there wasvno tax selling in 2013 . they are selling now because they can take profit and postpone taxes until next year. This may continue for a few days before buying starts again.Kors should get to $90 before earnings and possibly hit $100.
It looks like the Nasdaq has a date with its 10 week line (4,025) for the first time since early October. The growth index has been outperforming and has been on a nice tear. Investors are likely to be cautious ahead of earnings season, and there will be some good buys on quality stocks.