RE:RE:We think it's bad now, but... brilliant post. As someone who was on a team that tax planned for some of the richest people in Canada, I can confirm tax planning is not a static event at the end of the year - most tax planning is dynamic. Big boys don't wait until December to sell into death when the risk is where it is. Risk management - always.
borne2run wrote: We are already in the season of tax-loss selling. Smart investors complete their tax-loss sales by the end of October, allowing them to scoop up bargains in late November / December, when the procrastinators finally get around to dumping the losers.
Last year the TSX bottomed during the second week of October. Many stocks never re-visited those lows during the last 2 months of the year.