i saw a guy on cnn who believes 600's could be a bottom, but he also believes the market right now is oversold and believes the short sellers are manipulating the market.
- The market is oversold
- The shorts are manipulating the market
- We could go to 600, which is only another 20% away. We have fallen 15% over the past 10 trading days so what's another 20%? We could get there by mid-March.
QUESTION:
If i have an old 401k account, that now has less in it than what i put in it originally 10 years ago when i opened it....and i close out this account and move what is left in it over to an IRA....
can I take a Capital Loss on what i actually lost, of what i originally put in? i don't think i can, but i am not certain???