1. September is considered to be one of the worst months on record for the stock market. Whether or not we see selling pressure again this year is yet to be seen but so far we have knocked out the best trading days of the month scenario.
1. September is considered to be one of the worst months on record for the stock market. Whether or not we see selling pressure again this year is yet to be seen but so far we have knocked out the best trading days of the month scenario.
In the meantime, while listening to a local radio station in MO, I was provided some interesting websites to visit, both of which claim to shed some light on when our “recession” may end.
The S&P 500 broke out above its 200 SMA (TANKS) today to join the NASDAQ. The DOW tapped its 2oo TANKS intraday and then pulled back. The move by the S&P was its first move above the 200 TANKS in 359 trading days! This on a day when GM declares bankruptcy.
Browsing in the sports section of the local Barnes & Noble last night I came across a small paperback book with the subtitle The Modern Fundamentals of Golf. Nothing out of the ordinary just the fact that the book was written by Ben Hogan in 1957! Still in print after 50 years and over 10 [...]
