Oct
13
The Silence of October, from Ken Drees
October 13, 2009 |
We are not hearing much babble about what should or could happen in October from the popular financial media. Unlike September where we were "warned" up and down to be ready for horrors.
October has started quite similarly to September. Please see simple SPY chart.
So we have repetition without any warnings, but no real trumpets blowing (unless DJI breaks 10K). With the dollar down talk making headlines, I have heard some pundits tout that equities are tantamount to a play against a weak dollar — a la german hyperinflation coping strategy. I don't think that the average investor is long the stock market as an anti dollar play. But the passive investor who hung through the March lows now would be right and also unwittingly wise.
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