Today's Market
by Dr. Invest
I'm sure many of you have been waiting to hear from me. The news really hasn't changed. Stay out of the market!
There has been a remarkable climb in the market, only to see the market collapse before Labor Day, erasing the previous weeks gains.
Unless a professional trader with lots of money to lose, it would best to stay away from the market. Here are a few facts about September. Traders, returning from vacation, attempt to reposition theirselves in the market. This means selling losers and buying winners. This always elevates volatility in the market. Second, September is TRIPLE WITCHING DAY. Triple Witching Day is defined as An event that occurs when the contracts for stock index futures, stock index options and stock options all expire on the same day. It happens on the third Friday of September, so wait on making those big investments until October. And only after evaluating the market trend in October.
(Note: The above article is not for investment purposes and soley for entertainment only.)
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