From Barrons..Options — The Striking Price: Getting Ready for a Forgiving 2015..”The last day for investors to clean up their stock portfolios and make tax-loss sales for 2014 is Nov. 28.” Seems this would be a good time for investors to go Dumpster diving and pick up the stock discards at a discount. Just a thought
The (in)efficient market
The old saying “So goes GE.. so goes the economy.” From the looks of the amount of money that went to buy GE stock and it relative price increase these last 4 years there is a clear disconnect. If I were to compare QE1+2+3 to a car’s MPG I’d say we got a 10 mpg/gallon Hummer when I really wanted something with an mpg in the mid 30’s.
A trillion here and a trillion there, pretty soon, you’re talking real money.