Stock Market
Dotcom 2.0
Here we go… :)
Not necessarily .
This is the time to harvest tax loss before the end of the year.
This is not uncommon. Fund managers, everyone who had a stock that lost money, not in a tax free account can claim against their "capital gains" to reduce their income tax bill.
Every type of fund manager, businessman, private individuals are trying to maximize profits.
These guys take Xmas to New-Year off, so trades have to happen before end of year.
It's also a great time to pick up some stocks cheap.
The fear of missing-out is strong .
I had a few "stops" trip, selling automatically at a pre-determined price, locking in profits as I have urged everyone to do, numerous times .
What is unusual, is the huge amounts of foreign investments dissolving and money taken home. ( Taken outta the US )
Many are considering India's market, including myself, a lot safer right now
Why, - anyone's guess . .