May I add. You can write off all your tax loss against a gain in another stock in that year. Moreover you can carry over to the next year all of your remaining loss but use up $3K if u have no other gain.
IMHO, I suspect it will move up early Jan as it is very depressed now. It might go on someones Most Depressed Stocks for 2016. That could trigger a buying frenzy.
I dont need the tax loss for this year though. Its just that this endless downdraft is unerving.
I wont be surprised if it picks up early Jan as it is very depressed at this level. I hope it goes on someones list of depressed value stocks for 2016:))
The cars Buffet bought were already in the system, they are not new so he didnt add capacity. They just changed hands. Buffet will now lease them to whomever needs them.
Looks like Berkshire bought 25,000 tank cars from GE... well good for GE which has a large leasing business it should also be a good indication of the business climate although the statement does not break down over how long a period.
IMHO A rise in interest rates provides a better return for the financial cos on their cash reserves. Which can give GNW a boost on their investments and enable them to cover their long term liabilities more easily.
I am already deep in the red like most all of us.
My question would probably best be answered after the earnings release on the 23rd.
How much harm do u think the lawsuite and settlement has done. Would be great if it is overturned? Is that even a possibility?
All of the rails and related stocks are in the dump.. is there a turn in sight?
My answer is "Its the economy stupid"..
What do others think?