Following 4 straight months of gains, the SPY stands to lose about (BRACE YOURSELVES) 1.9% in the month of October. It feels much more than that because we relinquished gains and the tech heavy NASCRAP is off by almost 5%.
For me, October was a catastrophe, halving my annual gains thanks to gross stupidity.
Last year the market did very little in the months of November and December, basically trading flat.
I bring bad news for you market players out there.
This will be the 3rd worst October since 1999. The only other years when the NASDAQ traded off by more than 4% was in 2000 and 2008. Generally speaking, October is a very good month for stocks. In those down years of 2000 and 2008, the next month the market was destroyed, trading off by 22.9% and 11.4% respectively.
Of course circumstances were unique, with the dot com and housing bubbles contributing to the panic. However, it’s worth noting, is it not?
With my money, I am growing impatient and feel like raising more cash, not for safety, but so I can work from a clean slate–as I feel my current roster of stocks are infected by demons.
36 Responses to A Spooky End to October Can be Disastrous for November
Get long TZA ahead of earnings. There will be no turkey this year.
Turkey has been canceled?
Thanksgiving dinner will consist of dried yams and cocktail sauce for 70% of American homes. The other 30% will be able to afford neither.
Romney ends food stamps?
A chicken in every pot, and a warm loaf on every table you commie.
Sure sounds like you are running scared? Try some safe stocks like CBI and INFN with good fundamentals.
Even when the Fly is losing 13% in a month, he is winning.
Sounds like The Fly is losing faith in the turkey gods
Egregiously long $NCT and $PPC.
NCT is a decent beer if more unique brown ales aren’t available. It’s a brown ale time of year.
Obama an enemy of capitalism.
A Detailed Look at Obama’s Radical College Past…And We’re Not Talking About Barack
Why did Obama toppling the few countries in the middle east that still listened to America? Carter gave up Iran to Islam and Obama gave up supporting those who rebelled against the Ayatollahs 2 yrs ago, as well as Egypt, Tunisia, and who knows who else will fall to an Islamic brotherhood socialism. Is he an idiot or something much worse?
I can only imagine the crazy baseless shit that will be spewing from lunatics like you a year from now when he is in his 5th year of office.
He could’ve taken Trump up on his offer, and given 5 million dollars to a flood related charity – if he had nothing to hide. It would have been a win-win for everyone. Instead he wasetes more resources, flying around AirForce1 to NJ to show what a ‘great leader’ he is. He is a far worse disaster than any hurricane.
Taken in context, you think Katrina was handled in more presidential manner?…hehe
fema after katrina was a f*cking joke. i was there. lost almost everything. want to buy a rotting trailer!! there were a shit load all over southern La.
Why didn’t Trump just donate $5Mil without egging Obama on? Not donating the $5Mil is Trump’s decision, not Obama’s.
Spooky forecast on Halloween.
great stats as always..thank you
how many homes were under water before the hurricane? buy home depot
I stareted it many months back, 8 adds since.. this hurracane was not in my plans at all…
same as LOW
the spookiest halloween trick for the longs here that kass is long SPY now, you wouldn’t want to trade on the same side as him…. him and gartman …
on another note I have added to ED…
I like the upside potential for GNRC,DDD,WNR,MSFT and FRC (TSE).
Very much worth noting thank you for that
DDD is closing in on all time high.
I know everyone has been waiting for the real answer so here it is. Market will do a juke, head fake, juke juke, pirouette, twirl, whirl, whirligig, then higher.
Followed by a crescendo of a crash, leaving most destitute, and the astute in firm control.
If NasCrack cant close above 2710 next week, I’d say stick a fork in her… She’s done…
Hurricane Sandy Looting, Fights Plague South Brooklyn (PHOTOS)
goodplace to short right here for a daytrade degenerate
Thoughts on TC and MCP? Looking at nice 18% and 12% losses on those in the last week or so, respectively. MCP now breaking down out of channel.
What kind of Generator should a I get? i believe i need at least 50kw system, maybe more? I have natural gas into my home.
Did you buy Aaron Spellings house?
10kw will power almost any house. 8kw is what I have for a 4000 sq ft house and it is more then adequate.
Do you want a portable or a stand by automatic generator?
What is your budget? $2,000 to $2,500 will get you a portable with the transfer case installed . $10k and up for a stand by automatic permanently installed.
interesting data on MKT closures due to weather and stuff. lots of charts and arrows to where they happened.
Well, had to evacuate from home yesterday with the whole family. I watched ten foot swells pounding the piers on the west side monday eve. Piers were underwater and everything from west to washington streets was under 1-4 ft of water. tons of cars. Lost power, water, heat, etc. Now in Queens at family…freakin’ Queens, with no school for kids….
Glad to know you’re all safe and sound.
A little late on the info, but only getting back together now…
Two trading strategies:
If Romney is about to win, buy the ticker “CLSTRFCK”.
If Obama wins, buy gold and short coal. (Or if you can handle it, go long in MOOCHL).
man……aside from the great market analysis here – the guy at : http://forexkong.wordpress.com has it down!