Online financial news

The Boston Globe suggests: When others are selling for tax reasons, it just might be time for you to buy

By selling at year’s end, investors can claim a deduction for a capital loss on the tax returns they will file in April. Most investors have until Dec. 31 to take their losses, while many mutual funds must do their tax-motivated selling by Nov. 30.

The tax selling usually creates bargains, as some stocks are pushed below their intrinsic value. Such stocks often enjoy a January bounce. Sometimes, the bounce begins in December.

Now is a good time, therefore, to look for year-end rebound candidates.

The articles goes on to suggest three stocks you might want to research for some bargain shopping in the markets.

USAToday reports: Jobless professionals are merry just for temporary holiday work

Mara Proctor used to design limestone hearths and columns for luxury homes near Kansas City, drawing on her college education and six years of training.

These days, she’s leading customers around a store that sells sculptured snowmen and Santa figurines.

It isn’t by choice. Until a few weeks ago, Proctor was among the record 5.9 million Americans who have been jobless for at least six months. Now she belongs to a subset of that group: Out-of-work professionals and managers, engineers and teachers who have turned, in desperation, to holiday-season jobs as sales clerks.

Retailers report a surge in applications this year from professionals who had never applied for such jobs before.

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