09-08-2004, 09:11 AM
Does anyone think there will be a sell off this month? I am guessing it starts around 22 Sep.
NEW YORK - Wall Street professionals know to keep their expectations in check in September, historically the worst month of the year for stocks. As summertime draws to a close, money managers are getting back to business, cleaning house, and often sending the market[/b] lower in the process.
September has opened strong eight of the last nine years, but it's ended with a knockout punch for stocks for the lastsix years, because institutional traders are making end-of-the-quarter portfolio changes.
I know the election year crap but there is a lot of dog stocks in mutual funds right now that managers due to want reflected in their annual reports.
Call me crazy!
MT
NEW YORK - Wall Street professionals know to keep their expectations in check in September, historically the worst month of the year for stocks. As summertime draws to a close, money managers are getting back to business, cleaning house, and often sending the market[/b] lower in the process.
September has opened strong eight of the last nine years, but it's ended with a knockout punch for stocks for the lastsix years, because institutional traders are making end-of-the-quarter portfolio changes.
I know the election year crap but there is a lot of dog stocks in mutual funds right now that managers due to want reflected in their annual reports.
Call me crazy!
MT