I2: Some interesting statistics - the summer doldrums?
"Indeed, the tendency for stocks to fall in late summer is convincing."
>For the broader S&P 500 index, September is the worst month of the year and the index's performance from May to October pales in comparison to its gains from November through April, according to a leading historian on the stock market.
Yale Hirsch, editor and publisher of The Stock Trader's Almanac, a bible of facts and figures that is now in its 33rd edition, said that $10,000 invested in the S&P 500 in 1950 in the better-performing period would have generated a profit of $340,250.
For the other six months, the same $10,000 investment would have yielded meager earnings of $11,138 since 1950, he said.
Likewise, the Dow industrials gained a total of nearly 9,500 points in the November-April period since 1950, but it racked up a gain of only 1,120 in the other six-month period, Hirsch said.<
biz.yahoo.com
Wally M. |
