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TOPIC: Year end ramblings with a taxing observation

Year end ramblings with a taxing observation 20 Dec 2019 12:08 #13365

  • myownhedgefund
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S&P 500 is currently over bought with a RSI at nearly 76 as I type. Crazy.
2019 has been a great year in general even when considering its low starting place after the December 2018 plunge. That plunge bottomed on Christmas Eve 2018 and I am beginning to wonder if US players will be considering locking in the freely taxed long term gains some may have between Christmas and New Years Day. Note those free long term gains are limited and based on filing status so check if you don't know them or contact a tax professional. THIS IS NOT ADVICE !!! It may however play some sort of a role in the last week of the year with the markets here in the USA in general. One can also buy some protection if one chooses but that is not as cheap as it was just a week ago or so.

PSTV
I haven't a clue whats going on there although the PPS seems to have stabilized for now. Maybe I will check in on a call in 2020 just for fun.

Hope everyone in the lodge enjoys this holiday season 2020 will be here before we know it so Happy New Year as well !!!!!!!

:grin: :vegas:

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Year end ramblings with a taxing observation 20 Dec 2019 14:41 #13366

  • rodney.strongg
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myownhedgefund wrote: S&P 500 is currently over bought with a RSI at nearly 76 as I type. Crazy.
2019 has been a great year in general even when considering its low starting place after the December 2018 plunge. That plunge bottomed on Christmas Eve 2018 and I am beginning to wonder if US players will be considering locking in the freely taxed long term gains some may have between Christmas and New Years Day. Note those free long term gains are limited and based on filing status so check if you don't know them or contact a tax professional. THIS IS NOT ADVICE !!! It may however play some sort of a role in the last week of the year with the markets here in the USA in general. One can also buy some protection if one chooses but that is not as cheap as it was just a week ago or so.

PSTV
I haven't a clue whats going on there although the PPS seems to have stabilized for now. Maybe I will check in on a call in 2020 just for fun.

Hope everyone in the lodge enjoys this holiday season 2020 will be here before we know it so Happy New Year as well !!!!!!!

:grin: :vegas:

/


HF - Merry Christmas and Happy New Year to you and all!

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