Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
There was no big selloff. There is rebalancing of portfolios when equities go up so much. This appears as mean reversion in the latter part of the month, usually the last two weeks.
This manic trading, which causes crazy market volatility, can be tamed with a fat capital gains tax on very short turn profits- say 70%. What say you?
Since 80% of the typical days volume is high frequency trading you would destroy the stock market and it’s liquidity along with institutional trading —-not a good idea.
401ks and ira mutual funds would likely have their gains destroyed as most funds trade short term
Just two years ago we had one of the if not the worst Decembers ever. Hope it ends on a good note.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
