Alert "Buy today's dip" Tax loss selling about over.
Don't be surprised if the market snaps up today's down stocks and makes a strong comeback.
Today's tax loss selling is just that. People are rotating out of stocks where they can claim a tax loss for 2011.
Soon they will look for a stock to re-invest this money from the tax loss sell to a stock they think will do better in 2012.
So what to do right now? Search for a stock that is down today but has good prospects for 2012.