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| English: Photograph shows stock brokers working at the (Photo credit: Wikipedia) |
As we unofficially close the books on summer and get settled back into our regular routines again, it's important to remember that, historically speaking, the next four weeks are likely to be a little be rough.
How rough? Well, Jeff Hirsch of the Stock Trader's Almanac had this to say on his Facebook page about September - which, by the way, is statistically the worst month of the year:
Although the month has opened strong 12 of the last 16 years, once tans begin to fade and the new school year begins, fund managers tend to clean house as the end of the third quarter approaches, causing some nasty sell-offs near month-end over the years.
In fact, 60 years of almanac analysis pegs the average September decline at -0.5% for the S&P 500 and -0.8% for the Dow Industrials. The worst September came in 1974 when the S&P 500 fell 11.9%, while the best monthly gain was posted just two years ago when the index rose 8.8%.
For traders like Keith Bliss, a Senior Vice President at Cuttone & Co. based at the the New York Stock Exchange, this year the ninth month will be best split in two. ... Continue to read.
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