Articles By: David Moenning
What Do The Cycles Say About October
The boys and girls masquerading as lawmakers in Washington D.C. have once again placed their political agendas over the good of the country
With stocks having been down six of the last seven sessions, it is hard to argue that the short-term trend is anything but negative.
Put another way, it looks like most investors have decided to sit on their hands until the storm brewing in Washington passes
After all, if the market can’t produce a single up day after the “no taper” blast, things can’t be in very good shape, right
Granted, the decline over the past four days hasn’t been severe (the S&P is off just -1.63 percent from its 18-Sept high)
There are times when the market’s moves do not appear to have a clear-cut driving force behind them
It is said that a picture is worth a thousand words.
Ben Bernanke’s Fed surprised the vast majority of investors yesterday when the FOMC decided not to begin tapering
In other words, there might be some value in trying to understand why stocks have been moving coming into today’s big event