Quote:
Originally Posted by Hog's Gone Fishin
Was just watching a youtuber and he brought up a Great point about this dip.
We had a huge correction last year in March. (The Covid crash)
So when that happened there was TONS of investing on that dip.
Now its 365 days later. Investors are taking profit because of the tax implications of holding the stonks for 1 year.
Common sense says there has to be some truth in this.
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That's a good point. I was actually waiting for a year to pass before selling some of the stocks that I bought in the dip (I purchased many on 3/11). The market bottomed out around March 20th.