With the SPY +3.8% for the month of October, I think we can rule out a seasonal fall calamity. The last time the SPY went up 3% or more, during October, was in 2010, 2006 and 2003. After a strong October, the SPY traded flat in 2010 at 0.0%, up 1.98% in 2006 and up 1.1% in 2003 in the month of November.
HOWEVER, in December the mood turned quasi-pornographic, with +5.03% in 2003, +1.34% in 2006 and an outrageous 6.68% in 2010.
In other words, based on recent historical factors, the market is only getting warmed up now, setting up for a rather libertine end to 2013.
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No less, we have the Great KASS and WIEN capitulation… wait for it,,, it will be the top!
The Fly is God.
How long do you plan on holding Apple, Fly?
I’m looking at MDC and CROX too.
I will never sell it. I made the first mistake selling at $100.
Fly, the PPT flagged YRCW as oversold. The financials look fine, however there was a large insider sale last week. Do you like it here? USAK went gangbusters on Friday.
Dr. Fly, I find your words inspiring, but times like this make me miss the Woodshedder and his outlay of historical probabilities…
The Woodshedder gave up the life of a distinguished gentleman to work as a sweat shop employee.
Fly, do you intend to hold $BALT, or any other shipper for that matter, as a long-term holding? Or strictly earnings play?
holding to see earnings and outlook
Dr. Fly, thanks for the update. Also, I see you made the iBC logo a little spooky. Is that pumpkin’s face based on Doug Kass?
“quasi-pornographic”
I love me some porno.
I heard from a friend in the metals business that the Chinese are pulling out of dollars and buying gold and silver.
Care to elaborate? That is an interesting comment. Seems a bit outlandish.