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   Strategies & Market TrendsBuy and Sell Signals, and Other Market Perspectives


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To: Hawk who wrote (11897)10/29/2010 12:36:34 AM
From: Kirk ©
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no.. wash sales rules only apply for loses. The IRS is happy if you sell to pay a cap gain tax then buy the stock right back... so I've been told.

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To: Kirk © who wrote (11899)10/29/2010 2:09:36 AM
From: Hawk
   of 148855
 
But those who have gains will sell this year at lower tax rates.

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To: da_cheif™ who wrote (11894)10/29/2010 5:37:36 AM
From: Litore Lapis
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kool. too much inflation would put a brake on things though, and I fear that the fearful folks in control do want the normal folks to be on the happy side. Hope it works though.

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To: Kirk © who wrote (11899)10/29/2010 7:18:33 AM
From: robert b furman
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Hi Kirk,

I too have been told that no wash rule is only looked at during sales of equities in December that generate a loss and then to keep that loss legit you must wait 30 days into January.

With regards to the gains - if they disallowed them,then they'd be saying the gain didn't count and it could then be pushed into lower tax bracket if when capital gains applied - so it is counter productive.

Soo - if you want to take advantage of lower cap gains tax - now is a good time to sell, and buy back in late December when Joe 6 pack wakes up and creates selling pressure (and 30 day wash rule is satisfied).

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To: robert b furman who wrote (11902)10/29/2010 8:00:09 AM
From: GROUND ZERO™
   of 148855
 
So, you think we'll get that sell signal? How far down do you suspect we might go? TIA

GZ

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To: GROUND ZERO™ who wrote (11903)10/29/2010 8:37:34 AM
From: robert b furman
2 Recommendations   of 148855
 
I think we are near the end of the first wave of a major wave three up.

Just my guess and that is all it is.

We'll bump our heads on 1220 act weak.

That will put us into a corrective 3 waver down for most of December and beginning of Q1.

If it is ugly DIP BUYERS WILL GET SCARED OUT AS TO HOW FAR SHE DIPS OR MAYBE HOW QUICKLY IT DROPS ,BUT REALLY ALL IN A RANGE BOUND SIDEWAYS PATTERN.

IF MONEY FLOWS GET OUT OF FIXED AND INTO EQUITIES - THAT SHOULD BE WHAT HAPPENS SCARY HYPED RANGE BOUND.

This should give us a time to reload.

ALL in ALL we have a resilient economy.We need to bust the government unions and roll back the ridiculous pensions that have been manipulated by sharpies.We need to be conservative and invest in America's greatness and stop all this support of those who do not add to our greatness.We need to wake up and get real - there is no tooth fairy and your government is broke!

Retirement is a time to do something else - not boost your past 5 years of income (police and firefighters)so you sit back at home,become a drunk and die.JMHO

I've sold my 8% margin down to cash - I've done it a bit early,I'm trying to retire from day to day running my dealership and go to Wisconsin to remodel a commercial building I bought 4 years ago and need some cash to work with.

If my count is right we are in a major wave up that should take us to 1558 (spx) then an end of year 2011 corrective wave.

Could give us one more good time in 2012 and then our generation will have to be given a wake up call.Work until you die or you should have been saving and planning because your government has been stealing your money.

Older retirement ages and means testing - those that paid get zip - those that didn't pay get it all - but it is not much.

Inflation will then kill us, we'll need to be flush and getting into fixed investments that are very high in rate and will crush growth.

That's my story,I can't prove it ,but I'm sticking to it.

So we have a short term run up and maybe a bit over 1220,with a correction into 2011.

Unless the Bush tax cuts get extended we'll have an Obama tax increase and that will force a flurry of Tax selling in December.Another reason I've done my selling in October.I'd like to reload into the Christmas tax selling and have my 30 day wash rule behind me.If I have the nerve to buy into the doom and gloom.<smile>

I'll need your fearless help then!<smile>

Bob

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To: robert b furman who wrote (11904)10/29/2010 8:56:26 AM
From: GROUND ZERO™
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Excellent assessment, thanks for sharing it... accuracy is not as important here as a well thought through market assessment, and your is clearly well thought through and clearly explained... thanks again...<g>

GZ

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To: GROUND ZERO™ who wrote (11905)10/29/2010 9:00:08 AM
From: larryjoe
1 Recommendation   of 148855
 
Today's chart illustrates that investing in the S&P 500 from the last trading day in October (therefore referred to as the Halloween indicator) through the end of April accounted for the vast majority of S&P 500 gains since 1950.

chartoftheday.com

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To: larryjoe who wrote (11906)10/29/2010 9:04:07 AM
From: GROUND ZERO™
   of 148855
 
Interesting, good to know, thank you...

GZ

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To: Hawk who wrote (11900)10/29/2010 9:33:57 AM
From: Kirk ©
   of 148855
 
yes but the point is they can buy right back. So if they like the stocks, they can re buy them or buy a better stock.

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