IBDvalueinvestin (99.58)

Buying time "Deja Vu" , samething happened 1st wk March..

April 09, 2012 – Comments (2) | RELATED TICKERS: SPY , DIA , QQQ

Stocks sold off 1st week in March , just like they have sold off in the 1st week of April.

Its time to pull the rug and see what is on sale today. This little selloff is just about coming to a finish.

All those Billions of Tax Refund money is getting an itch on the trigger finger.

They are not going to sit on the sidelines much longer.

The IRS has already handed out tens of millions of income tax refunds, and the average refund amount is about $3,000.

IRS Commissioner Douglas Shulman told a House subcommittee Thursday that the IRS had received more than 70 million individual tax returns as of March 10, up about 5 percent from the same time last year.

Shulman said the IRS had issued 59.2 million refunds as of March 10, for a total of $174 billion.

The $3,000 refunds are about the same as last year, according to Shulman’s testimony before a Ways and Means subcommittee.