Connect with us

archive

Is a “September Swoon” in the Cards?

“October is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.”

–Mark Twain

As the summer draws to a close and traders return to their desks today, the mood in the financial markets is as nervous as ever.

Sure, the S&P 500 just closed its strongest month since February, climbing over 4% in August. Yet, there were few signs of celebration when it closed above 2,000 for the first time, 16 years after it first breached the 1,000 level. Indeed, rarely has a new major high in the U.S. market been greeted with greater skepticism.

Emerging markets have done even better, rallying 6% since the start of June.

But you wouldn’t know it from reading the headlines. Facing a potential full-scale war in Ukraine and in the midst of another Middle Eastern crisis, market sentiment is still firmly rooted in fear. The “doom and gloom” crowd is already predicting that September 2014 will mark the start of another massive market drop. The ever-attention-grabbing Harry Dent has already predicted that the Dow is set to drop all the way to 6,000 — though we’ll have to wait for that until 2016.

Read more about the chances of a September Swoon at Eagle Daily Investor.

Newsletter Signup.

Sign up to the Human Events newsletter

Advertisement
Advertisement

TRENDING NOW:

Global Elites Started The Russia Nonsense.

U.S. POLITICS

Trump Puts British Intel Under Spotlight: ‘I Hope [Barr] Looks at the UK… I May Talk to PM…’

FOREIGN AFFAIRS

Kassam Banned From Facebook on UK Election Day.

TECH

American Catholicism: The Retrograde’s Intellectual Tradition.

CULTURE

Facing a potential full-scale war in Ukraine and in the midst of another Middle Eastern crisis, market sentiment is still firmly rooted in fear.

archive

Is a ??September Swoon? in the Cards?

Facing a potential full-scale war in Ukraine and in the midst of another Middle Eastern crisis, market sentiment is still firmly rooted in fear.

??October is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.?

??Mark Twain

As the summer draws to a close and traders return to their desks today, the mood in the financial markets is as nervous as ever.

Sure, the S&P 500 just closed its strongest month since February, climbing over 4% in August. Yet, there were few signs of celebration when it closed above 2,000 for the first time, 16 years after it first breached the 1,000 level. Indeed, rarely has a new major high in the U.S. market been greeted with greater skepticism.

Emerging markets have done even better, rallying 6% since the start of June.

But you wouldn??t know it from reading the headlines. Facing a potential full-scale war in Ukraine and in the midst of another Middle Eastern crisis, market sentiment is still firmly rooted in fear. The ??doom and gloom? crowd is already predicting that September 2014 will mark the start of another massive market drop. The ever-attention-grabbing Harry Dent has already predicted that the Dow is set to drop all the way to 6,000 — though we??ll have to wait for that until 2016.

Read more about the chances of a September Swoon at Eagle Daily Investor.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

Nicolas A. Vardy is the London-based International Economics Correspondent for Human Events.

TRENDING NOW:

Global Elites Started The Russia Nonsense.

U.S. POLITICS

Trump Puts British Intel Under Spotlight: ‘I Hope [Barr] Looks at the UK… I May Talk to PM…’

FOREIGN AFFAIRS

Kassam Banned From Facebook on UK Election Day.

TECH

American Catholicism: The Retrograde’s Intellectual Tradition.

CULTURE

Connect
Newsletter Signup.

Sign up to the Human Events newsletter