Diamonds and Dogs
Today is the Day to Put Some Hay in the BarnToday is the Day to Put Some Hay in the Barn
Based on our previous experience of this year, the pattern for November could be down. Over the past three quarters, the earnings reporting months January, April, July, and October have been outstanding for stock investors. With comparisons still relatively easy (coming off the disaster of 2008-2009) and generally good news for stocks as QE2 backs up prices, the earnings reports have been solid. The problem has been the months that follow, as February, May and August have been disasters for stock investors. Will November follow suit? The odds say put some hay, away.
Here is a pre-election note on privatization of Social Security. Any plan that has even been discussed about the privatization of Social Security has never been "all or none." In other words, people would be given a choice as to whether they let the government run their retirement or they do so themselves. For workers that began their careers in 1962 and would be retiring right now, the evidence is strongly in favor of managing your own money. So don't let the politicians scare you about "privatization". They imply that all private sector workers that have 401k's will never be able to retire because of the big, bad stock market and that is just not true.