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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (11908)10/29/2010 10:20:26 AM
From: Hawk  Read Replies (1) | Respond to of 152757
Sunday is Halloween and that means next week the “sell in May and go away” cycle is replaced by its bullish opposite. Traders, however, will also note that it marks the beginning of a new tax sale fiscal year for mutual funds. Traditionally, trading profits taken by mutual funds before Halloween result in a taxable event for the fund holder in the same year. Profits taken after Halloween are not taxed until the following year. So, are mutual funds sitting on a batch of profit-taking sales starting next week? There may be more to think about than elections and QE2. - Art Cashin