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New Tax Law = No selling until 2018?


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#1 Rogerdodger

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Posted 18 December 2017 - 02:52 PM

BERKSHIRE stock hits $300,000...

 

Why sell now under 2017 tax laws?

Current setup reminds me of something similar in the past.

The first trading day of the new year saw an exhaustion type gap up which was sold.

Clue: VIX was rising with the last days of the previous year.

 

Mike Burk's statistics show selling after an early rally in the 2nd presidential year.

http://www.safehaven...ecember-28-2013

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Edited by Rogerdodger, 18 December 2017 - 02:53 PM.


#2 redfoliage2

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Posted 18 December 2017 - 03:07 PM

I bet as soon as the tax bill is passed in the congress the selling will kick in - Buying on the rumor and selling on the fact, and the bubble may not hold that long.............


Edited by redfoliage2, 18 December 2017 - 03:13 PM.


#3 da_cheif

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Posted 18 December 2017 - 03:12 PM

I bet as soon as the tax bill is passed in the congress the selling will kick in................

u worry 2 much.....watch the sky



#4 jjc

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Posted 18 December 2017 - 06:11 PM

Yes, Thank Roger. 



#5 Rogerdodger

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Posted 18 December 2017 - 07:44 PM

Prolly a good one to watch for a clue:



#6 Rogerdodger

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Posted 19 December 2017 - 07:27 PM

With deduction changes, should you pay next property taxes now?  

So, should you prepay your property taxes?

"For the vast majority of people, it falls under the category of, it can't hurt," said Geoff Harlow, head of the tax division for Deerfield-based accounting firm Kessler, Orlean, Silver & Co.

That's because if the bill passes, anyone whose combined income and property tax deductions could exceed $10,000 in 2018 and beyond will receive one last full benefit of the uncapped deduction this year. Plus they can claim the new increased standard deduction in 2018 -- $12,000 for single filers and $24,000 for joint filers -- essentially double the current rate. And if the bill doesn't pass, taxpayers will have next year's property taxes already paid.


Edited by Rogerdodger, 19 December 2017 - 07:27 PM.