We are getting close to the end of 2015 and haven't quite pushed the 18,000 resistance level as stated in post #724 in October. We have had some good dips to sell while up and buy when down, but we haven't hit the big drop that I fear. I have already finished my portfolio balancing for this year and ready to take whatever we get in my non-retirement account. However, I might play the expected drop in my retirement accounts.
Now is a good time to get those losses sold and reduce your tax burden. You can always buy back in, but watch out for the Wash Sales (buying the same stock within 30 days, either before or after, selling it for loss unless all shares are sold). [Note, search for more complete description if this interests you]
Sam's ready to clean her crystal ball for a 2016 forecast. Things to consider include, but not limited to: (1) drag of Emerging Markets, particularly Russia, China, Brazil. India may be a boost if it rains there (seems Gold sales are down by the farmers who buy 60% of it due to lack of rain...can you believe it?). (2) Recovery of EU and Japan. (3) Bloody O'Blunder's games. We expect Fed rates to hike gradually, so I don't think that will have any major impact through the year.
A positive person would bet on recoveries through the world and rise in commodity prices and Industrial stocks. He might also bet on some key advances in Biotechnology Industry. But O'Blunder health insurance stocks we'll go negative because health costs will continue to rise driving them to lose more O'Blunder accounts (already seeing the losses through 2015) and causing havoc again in the Health Industry. Will Financials ever recover? Sure, but not in leaps or bounds. O&G? Gotta come back...OPEC failed to wipe out anything other than their wealth and a manageable delay by America's companies (the weak have been and being sucked up by the strong). Politics? Pray we don't continue on the poor O'Blunder programs. My biggest fear for 2016 is that We the People AGAIN go to the Presidential polls uneducated and vote for looks or someone with fluent speech or youth. Unfortunately, we live in a society that these types of people are in majority and WILL influence and destroy America.
And the worse thing: The MEDIA will continue to focus on the negatives AND their bias rather than on just reporting the facts and moving on to another story. I made it policy in this house to limit what they think is news to less than 10 minutes a day and increase common sense analysis by 100x!
Sam say "Don't lose you common scents."
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