Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Buzz & Banter



Yesterday, Toddo mentioned a blurb about the S&P 500 starting a quarter with five up days. I was actually working on the exact same thing, except I went back to 1897, and I looked at Octobers only. Since that time, when the market starts October with five straight gains (using the Dow Jones Industrial Average as a proxy for the "market" from 1897-1949 and the S&P 500 as a proxy from 1950 forward), the resulting performance wasn't so hot.

In fact, 30 days later, the market was lower by at least 4% every single time except once (when it gained 4.5% in 1936). There were only 7 occurrences over the course of the 100+ years that I looked at, so it's not like we can conclude that this is statistically significant stuff. But, it's still something to keep on your radar.

< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos