OCTOBER: This is one of the peculiarly dangerous months to speculate in stocks

[shortie]

- said Mark Twain.

Will we crash this October?

As you can see in the table, in the recent memory 4 out of 15 Octobers had >9% drawdowns.

 

[shortie]

 

[Petsamo]

'09 is not a normal year, so I believe we will be up, but not by much.

 

[shortie]

Oct 01 Summary:

Longs fought bravely today but got shafted as the market dropped 2.5%.

Surely looks like this October will live up to its reputation.

 

[jprad]

Quote from shortie:

- said Mark Twain.

Full quote:

OCTOBER: This is one of the peculiarly dangerous months to speculate in stocks in. The other are July, January, September, April, November, May, March, June, December, August, and February.
- Pudd'nhead Wilson's Calendar

 

[Petsamo]

I'm satisfied in liquidating most of my longs today, but like I said '09 is not a normal year, so I'll be ready to press that buy button again.

 

[athlonmank8]

Quote from Petsamo:

I'm satisfied in liquidating most of my longs today, but like I said '09 is not a normal year, so I'll be ready to press that buy button again.

See this is why traders lose money. Exactly that attitude. You're not smarter than the market. Someone's practically spoon feeding you this stuff and you bury your head in the sand like a moron.

Oct. worst month.

Bear market rally.

Put two and two together.

 

[shortie]

Quote from jprad:

Quote from shortie:

- said Mark Twain.

Full quote:

OCTOBER: This is one of the peculiarly dangerous months to speculate in stocks in. The other are July, January, September, April, November, May, March, June, December, August, and February.
- Pudd'nhead Wilson's Calendar

it is one of my favorite quotes.

yes, i know i did not put the whole quote and changed its meaning. but i thought everyone knows it anyways.

 

[jprad]

Quote from shortie:

it is one of my favorite quotes.

yes, i know i did not put the whole quote and changed its meaning. but i thought everyone knows it anyways.

Did you change, or forget, the meaning of "assume" as well?

 

[Petsamo]

Quote from athlonmank8:

See this is why traders lose money. Exactly that attitude. You're not smarter than the market. Someone's practically spoon feeding you this stuff and you bury your head in the sand like a moron.

Oct. worst month.

Bear market rally.

Put two and two together.

I'll bet that in the past 6 months, the market ran circles around your ass, while you were sitting in the sidelines. If you didn't gain, you lost.