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.
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:))
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.
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.