tag:blogger.com,1999:blog-10546227.post111361129642532065..comments2024-01-16T10:02:08.779-05:00Comments on Alpha Guy: Net Worth UpdateUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-10546227.post-1113632067012561242005-04-16T02:14:00.000-04:002005-04-16T02:14:00.000-04:00Hey, here’s another reason why the market has been...Hey, here’s another reason why the market has been selling off so much this week. A lot of people were selling equities in their account to raise enough cash to pay their tax bill to the IRS. Think about it, many people who know that they owe the IRS usually postpone mailing in their checks until the last minute (e.g. April 15). Hence, they quickly sell off investments in their portfolios to raise cash and transfer that cash into their main accounts to cover their IRS payment.Anonymousnoreply@blogger.com