Re: Tax loss selling -P miskealp
posted on
Oct 07, 2008 04:50PM
As for the Panic, there are those who seem to do that kind of thing and likely have already did that with NOT and most all their other Stocks in these Markets. Now we likely are only seeing the old and some new Bargain Hunters entering NOT and the Markets in general. To get some gage of this likelihood, look to the Volume of Trades in most Markets lately. Is it up, down, flat, or volatile week in and week out over the past 3-6 months. Has the pace of Trading Volume gone up much in the past 2-5 weeks? I do not have specific data on this but have seen and heard commentary that at each stage of the MESS since back in March. Recall the Bears Stern kick off and subsequent months up to the Fuld Balk (Lehman's if the CEO's name is spelled incorrectly) that caused the PLAN to go off track back a few weeks ago. Lehmans now looks like cleaver Greed turned pompous Selfishness due to smug insincerity and delusions of untouchable supremacy. Denial being the aftermath. Seems that so long as the instigators lay claim to ignorance and denial they are justifiably RIGHT.
What is the correct response? "WRONG! Wrong! Wrong! Time to take responsibility or be properly saddled with it.
Old Joe