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Looking Forward

December 31, 2012 – 6:13 pm

2012 and2013The last trading day of 2012 will be short and meaningless. The only way it might have meaning is for those that are trying to do their last minute tax loss selling or last minute harvesting of capital gains before the new year tax season starts.

The odds are very high that capital gains taxes will increase in 2013, so if you planned on selling assets that have significant capital gains and want to capture the lower tax rate, today’s your last chance.

Most of us have already done that and in fact the recent tax loss selling and the continued wrangling of the Fiscal Cliff might just give us a rally into the new year. The only way this may not happen is that the politicians never agree on a compromise resolution on the Fiscal Cliff issue. I believe the chances of that are approaching zero.

2012 is behind us so now we look to a hopeful 2013. Happy New Year to all the KPP Financial, Inc. clients and visitors to our web and conferences. We wish for a prosperous year for everyone.

Good Trading
Steve Peasley

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