Wall Street Week Ahead: "Cliff" worries may drive tax selling

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 December 31.

Wall Street Week Ahead: "Cliff" worries may drive tax selling 84800272

The $600 billion of automatic tax increases and spending cuts scheduled for the beginning of next year includes higher rates for capital gains, making tax-loss selling even more appealing than usual.

Tax-related selling may be behind the weaker trend in the shares of market leader Apple (AAPL.O), analysts said. The stock is down 20 percent for the quarter, but it's still up nearly 32 percent for the year.

http://www.reuters.com/article/2012/12/08/us-usa-stocks-weekahead-idUSBRE8B703820121208
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Wall Street Week Ahead: "Cliff" worries may drive tax selling

Wall Street Week Ahead: "Cliff" worries may drive tax selling

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