Rich People Might Be Dumping Stocks To Pay For Their Big Fat 2013 Tax Bills (SPX, SPY, DIA, DJI, QQQ, TLT, GLD)

Wall Street analysts have advanced a variety of theories to explain what's behind the recent decline in the stock market. David Bianco, chief U.S. equity strategist at Deutsche Bank, poses the question in his latest research report: "Are April tax payments exacerbating the sell-off?" A combination of recent changes to the tax code and last year's outsized stock market gains have likely made investors' tax bill substantially larger this year than in years past. Bianco walks clients through the fi...