Usually Stocks Stink in September (By Zacks)>>
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Usually Stocks Stink in September (By Zacks)>>
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Usually Stocks Stink in September
9/2/11þ
September is historically the worst month of the year for the stock market. That's because there are so many "Ghosts of Crashes Past" lingering about that you get an eerie feeling it might repeat again. Of course it's not a lock that stocks will go down, as last September brought a voracious 10% rally. So best to stay focused on the fundamental picture.
And that picture didn't get much rosier on September 1st as Jobless Claims came in a notch worse than estimates. Plus ISM Manufacturing slipped another notch to 50.6. Note that a sub-50 reading means contraction.
At first, traders were delighted that ISM was above the anemic 48.5 estimate. But as reality settled in that the actual number is still headed in the wrong direction is why stocks finally succumbed to profit taking.
Next up is the August Employment Situation report this morning. ADP gave a preview that the jobs landscape is not spectacular and that is why the consensus now stands at only 60,000 jobs added. Note that we need 150,000 jobs added per month just to keep up with population expansion.
Just remember that there of ways to profit when stocks go down. Short ETF's are a prime example. So don't stick your head in the sand. Be bold enough to go with what you gut is telling you to profit in this, and every market environment.
Usually Stocks Stink in September
9/2/11þ
September is historically the worst month of the year for the stock market. That's because there are so many "Ghosts of Crashes Past" lingering about that you get an eerie feeling it might repeat again. Of course it's not a lock that stocks will go down, as last September brought a voracious 10% rally. So best to stay focused on the fundamental picture.
And that picture didn't get much rosier on September 1st as Jobless Claims came in a notch worse than estimates. Plus ISM Manufacturing slipped another notch to 50.6. Note that a sub-50 reading means contraction.
At first, traders were delighted that ISM was above the anemic 48.5 estimate. But as reality settled in that the actual number is still headed in the wrong direction is why stocks finally succumbed to profit taking.
Next up is the August Employment Situation report this morning. ADP gave a preview that the jobs landscape is not spectacular and that is why the consensus now stands at only 60,000 jobs added. Note that we need 150,000 jobs added per month just to keep up with population expansion.
Just remember that there of ways to profit when stocks go down. Short ETF's are a prime example. So don't stick your head in the sand. Be bold enough to go with what you gut is telling you to profit in this, and every market environment.
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... if you feel like doubling up a profitable position, slam your finger in a drawer until the feeling goes away !
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