Post by Deleted on Dec 30, 2017 22:20:19 GMT
We've had some unusual things happen, and I think we have a good chance of seeing a weak mkt in January.
There are a lot of stocks that have had huge up-moves during the year, profit takers like to wait until January, to delay the tax bite.
On top of that Trump has rammed thru some big tax cuts... Combine those 2 things and it will likely engender some profit-taking, early in the year.
Now strangely enough, that might give the biotech sector a boost. The institutions bailed out in June of 2015 and have been absent since.
If a lot of sugar comes out of the big gainers, it might come looking for an un-loved sector. Anyway, it sounds feasible.
C L