"Stock Market at all-time high. That doesn't just happen! MAGA!" ~Trump tweet August 3, 2017Market currently having the worst December since the Great Depression! That doesn't just happen! MAGA!Feliz Navidad!
Yes indeed....S&P 500 Earnings are up for 2018 and projected slower growth in 2019 of 8% - 10%Cash Flows of the dividend paying companies I track are improving, although some have slowed into the 4Q18.Fed Interest Rate expected to remain unchanged at least through first 2Q19Depressed Energy prices expected to continue through first 2Q19December correction most likely due to programmed year-end selling for institutional portfolio rebalancing, profit taking and individual tax loss selling...not counterbalanced by buyers who are on vacation right now.Bottom line: a selective buying opportunity for those paying attention. For the political dope-smoking left wing Bernie Sanders Nihilists, tis the season to squeal, make ignorant remarks and sustain their socialist diatribe.BruceM
December correction most likely due to programmed year-end selling for institutional portfolio rebalancing, profit taking and individual tax loss sellingHard to take profits when you're down for the year. Seriously, that is some lame rationalizing.
"Hard to take profits when you're down for the year."Depends how long you've owned the stock.....and whether you think it will be lower next year.....and some stocks are still at record highs..not many...but some....at or close to record high..t.
Depends how long you've owned the stock....If you bought the stock during Obama administration period.. yeah sure you have some profits... sorry if you bought during Trump administration period...
So wait a day.
Hard to take profits when you're down for the year. Seriously, that is some lame rationalizing.Why would anyone feel compelled to 'take profits'? This is a strong indicator this 'investor' is chasing prices and doesn't know what they are doing.If you invest for total return and a safe withdrawal during retirement and you rebalance in December, then you rebalance in December, whatever the stock market has done.If you are still accumulating and invest for total return and do not rebalance in December, then you don't sell anything in December and you wait until your rebalancing period.If you invest for income, as I do, the price movement is irrelevant. The dividends I will receive in December are about 3.8% greater, on the same stocks/REITS/fixed income, than I received December 2017. For me, my investments are not "Down", they are "Up", whatever their current share price may be!!BruceM
Hard to take profits when you're down for the year. Seriously, that is some lame rationalizing.Actually, it depends on what and when you are buying and selling. Many folks are up quite a bit for the year. Kathleen
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