http://www.businessinsider.com/henry-blodget-will-the-us-follow-shanghai-off-the-cliff-2009-8
Posted on 08/31/2009 8:01:57 AM PDT by FromLori
After a powerful rally in stocks from the March lows, "investors are wondering if September will live up to its reputation as the month in which the S&P 500 (SPX 1,018, -11.12, -1.08%) posts its worst price performance and frequency of decline," said Sam Stovall, chief investment strategist at Standard & Poor's Equity Research, on Monday. He said investors "may have a reason to fear a setback in September" considering the month's dismal historical performance. "We don't know whether concerns over the upcoming [third-quarter] earnings reporting season will trigger this anticipated digestion of gains, or if further nervousness emanating from the Chinese stock market over the prospects of a slower-than-expected growth in GDP will cause U.S. equities to trim some of its recent advances, but September is as good a month as any in which to suffer a setback," Stovall said. "And while past performance is no guarantee of future results, history hints that September certainly has the reputation."
(Excerpt) Read more at marketwatch.com ...
Lets see will it correct to be where it was last year at this?
I scaled back my exposure significantly about a week ago. Nice pick up this year, but I was hit very hard last year and am still down 38% from early last year.
http://www.businessinsider.com/henry-blodget-will-the-us-follow-shanghai-off-the-cliff-2009-8
Powerful stock rally my you know what. The day the stock market went to 9,000 or over; it really should have been -125. Of course; due to some stock manipulations that included substituting 5 stocks we all know to be Obama friends who were doing poorly for 5 stocks doing fairly well being done on the DJB; I don’t think the stock market really made a come back. With the government we have; I am surprised we still have a stock market.
Insider Trading and Investor Sentiment Signaling U.S. Stock Market Top
Insider Selling in August Soars to 30.6 Times Insider Buying, Highest Level Since TrimTabs Began Tracking in 2004. NYSE Short Interest Plunges 10.3%, While Margin Debt Spikes 5.9%
SAUSALITO, Calif., Aug. 28 /PRNewswire/ — TrimTabs Investment Research reported that selling by corporate insiders in August has surged to $6.1 billion, the highest amount since May 2008. The ratio of insider selling to insider buying hit 30.6, the highest level since TrimTabs began tracking the data in 2004.
“The best-informed market participants are sending a clear signal that the party on Wall Street is going to end soon,” said Charles Biderman, CEO of TrimTabs.
I’m very interested to know how you scaled back your exposure, as I would like to do the same...without getting into too many specifics, can you enlighten me?
Thanks,
David
A few more gold mining stocks via mutual funds, international bond funds, some to money markets to preserve my gains.
Not an expert by any means. I’m limited to what my 401K offers, but the offerings are pretty extensive for a 401k plan.
I would like to believe that.
I love this guy.
http://globaleconomicanalysis.blogspot.com/2009/08/mish-videos-on-edge-with-max-keiser.html
Mish or kaiser? lol I read them both to see what their take is on it.
Miah. I like him. I don’t know much about the other.
I like Scriff(sp); but he has admitted he didn’t factor in Japan is devaluating.
Speaking of Japan did you read Denningers article regarding it?
http://market-ticker.denninger.net/archives/1388-An-Ill-Wind-Blows-From-Japan.html
No. Thanks for the link.
ping
What do you think? I am with the group that thinks it’s too early to tell as things don’t happen overnight.
The thing is it hasn’t been overnight really it has been building for a while with not only the CRA but the CRE and the Credit Derivatives the problems with the FDIC all told trillions. I think they may be able to dupe enough for a short while but the ponzi scheme is bound to collapse. I am of the better safe then sorry group and am worried about end of Sept./October so have made plans just in case.
What’s ps?
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