most dangerous month for stocks

What is the most dangerous month to invest in stocks?

"October. This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June, December, August and February."
-Mark Twain

Comments

Post a Comment

Popular posts from this blog

another day in the green but with low trade volume

Today's close (May 20, 2008) was in the green with the PSEi at 2896.15, +18.69 from yesterday. Value turnover was unexciting at Php2.4B. Surprise for those expecting correction While 18.69 points is not a large increase, it comes as a surprise to me. This week's outlook was for more correction. With inflation taking the limelight, that prediction seemed sound. On top of that, we just saw a rally of about eight days. What comes up, must come down. Surprise, surprise... Yesterday's drop of only 2.49 points to 2,877.46 was also rather pleasant as it was quite negligible for the composite index at only -.1% Less worrisome numbers With the market making gains, even though rather weak for my taste, I'm getting more positive about where this market may be going. My gut feel is that it's getting ready to push up hard and fast.
Read more

good news travels fast, bad news even faster

The R word The overused word for the month of January is recession. Everyone talks about it because its rearing its ugly head in the U.S. and for better or for worse, what happens in the U.S. affects almost, if not, the whole world. The debate is ending The long and seeminlgy unending debate on whether the U.S. will head into a recession seems to be tipping in favor of a recession. That chilly word is all over CNBC and even Ron Nathan who has long been arguing that it isn't here yet nor is it coming seems to have modified that opinion a bit. Good news in there, somewhere The gloom and doom in his last article didn't sit too well with me so I prefer not to mention those points here. But I very much like that he ended by pointing out that: "There are signs that the Philippine Stock Exchange index may be bottoming out. Foreign selling stopped last week after seven continuous weeks averaging nearly P1 billion a day. I suspect the pension funds are buying heavily, especiall...
Read more

-37.93 for the PSEi isn't bad

I was surprised to see that the PSEi fell only 37.93 points today. Wall street plus major asian markets were reacting by making record drops in response to the the failure of the U.S. Congress to pass the law enabling the bailout. I'm of the opinion that Philippine companies are sufficiently decoupled from America from a fundamental standpoint. Yet, our market reacts to the U.S. market and often tracks its movement absent any major local event. Could this mean that buying behavior in the Philippine market is now less influenced by the U.S. market? I'm more willing to speculate that local stocks are just way oversold and really "cheap" compared to their true value. If I had the money to spare, I'd be buying Philippine stocks left and right.
Read more