Updating Mark Twain
“OCTOBER: This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November.”
I have my own version of Twain’s observation about the stock market — as well as a prediction about next year’s stock market action.
January: stocks soar.
February: stocks dive.
March: stocks soar
April: stocks dive.
I think you get the idea . . .
Lately, it seems like the gyrations are weekly or even daily (if not intra-day).
“With an upward bias,” as they say.
P.S.: If you haven’t noticed, the price of gas is only headed one way these days: down.