Home>Topics>>Wall St Week Ahead: 'Cliff' worries may drive tax selling
Wall St Week Ahead: 'Cliff' worries may drive tax selling
Reuters: Technology
Fri, 7 Dec 2012
NEW YORK, Dec 7 (Reuters) - Investors typically sell stocks to cut their losses at year end. But worries about the "fiscal cliff" - and the possibility of higher taxes in 2013 - may act as the greatest incentive to sell both winners and losers by Dec. 31.
Financial columnist Gail MarksJarvis lays out planning strategies for taxes , Social Security, Medicare, and more, that retirees and pre-retirees should keep in mind amid U.S. budget uncertainty.
A lot of companies are very well positioned regardless of how the fiscalcliff gets resolved, as long as it gets resolved, says Morningstar's Heather Brilliant.
Short-term market gyrations over the unfolding Washington drama could make a good shopping opportunity for certain stocks , says Sanibel Captiva's Pat Dorsey.