That's imposing a ceiling of sorts on any rally. But the good news is that at the end of next week, tax-loss related selling may abate dramatically.
Quotes about tax-loss (3 Quotes)
Last minute tax-loss selling, that's why they stay open on the day before New Year's, so there might be some excitement, but it's just a beginning phase.
The whole market is in the doldrums waiting for something, probably some sort of movement on Iraq. And it's year end, too, so there's probably a lot of tax-loss selling going on.