To: discostu
I hadn't thought about the October factor. I've heard of it,.. but honestly don't understand it. Isn't that a time when earnings reports come out, or just a bad time of year? I can't recall.
Todays ending numbers will be anyones guess. The Market has been so unstable, that we could actually see it end in the + column. But if it does.. it won't last. This just isn't over yet. The fat lady hasn't sang yet, she has warmed up.. but the singing is still to come, don't you think?
To: Vets_Husband_and_Wife
My worry is that in 1982 the market did not rally until
after the midterm elections.
How ironic and, yes, unfair, it would be for the Bush administration and GOP to have to pay the political price for cleaning up the corruption and cesspool created by its predecessor.
It bears repeating: RATS are scheming liars.
73 posted on
07/22/2002 10:40:54 AM PDT by
mwl1
To: Vets_Husband_and_Wife
October is when 3rd quarter reports come out, in most industries 3rd quarter is the bad quarter (why is different for each industry) so those reports don't tend to say good things. Also I think there's some dupm off in October as people look for liquid coming into the holiday spending spree, but that's my own personal theory I have yet to back up with a single fact. But the general rule of thumb is that Fridays are bad, October is bad, Fridays in October get names (like The Crash of '29, The Crash of '87, you see the trend). Could be that the blood letting now will take all the steam out of October and leave things pretty mellow. Or it could be that this is a harbringer of another titled October Friday. Unfortunately there's no way to know which track we're on until All Hollows... better make that Nov 4, Nov 1st is a Friday.
84 posted on
07/22/2002 10:48:01 AM PDT by
discostu
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