EVEN IF YOU THOUGHT THAT THIS WAS "THE BOTTOM"....AND THAT STOCKS WERE GOING TO SOAR...REAL SOON...
LIKE NEXT YEAR...
WHY WOULD YOU NOT TAKE A TAX LOSS IN 2008 ON YOUR DISMAL TURKEYS....
THEN BUY THEM BACK....LATER, OR IN 2009...TO RESET YOUR BASIS...?
THESE TAX LOSSES ARE GOING TO BE TOO GOOD TO MISS...FOR MANY INVESTORS NOT TO TAKE THEM BEFORE DECEMBER 31...ASSUMING THEY ARE CALENDAR YEAR TAXPAYERS...
AND DON'T WORRY...THERE WILL BE PLENTY OF LOSERS TO BUY... OR, TO BUY BACK ...AFTER THE FIRST OF THE YEAR...
THEY WONT BE RUNNING AWAY THAT FAST!! NOT BASED ON THE CURRENT DATA POINTS COMING IN...!
AND, 2009 WILL LIKELY BE MORE DISMAL THAT 2008...
PROVIDING EVEN MORE TAX LOSSES...!!
