The general media is telling you to buy an October dip, because we always rally hard in Q4. The odds favor such a play, but sometimes, it doesn't work that way: chart.
Crash or no crash, rally or no rally, stay on your toes because the market has shown us over the years that anything goes. Did anyone believe we would rally straight into December from August last year? And now everyone thinks we will repeat that performance. Maybe. Just remember that last year's correction into the summer was a three month affair. This blip we had in August was a three week tryst, a one night stand in market time. Have we really cleared all the cobwebs?
Crash or no crash, rally or no rally, stay on your toes because the market has shown us over the years that anything goes. Did anyone believe we would rally straight into December from August last year? And now everyone thinks we will repeat that performance. Maybe. Just remember that last year's correction into the summer was a three month affair. This blip we had in August was a three week tryst, a one night stand in market time. Have we really cleared all the cobwebs?
This entry was posted
on Friday, September 28, 2007 at 9/28/2007 09:43:00 PM.
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