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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: Boca_PETE who wrote (3439)	9/2/2007 9:15:12 PM
From: Investor2	Read Replies (2) \| Respond to of 10065

This is one of those things I found on the internet and, since you can't trust everything that's written on the internet, should be viewed with the appropriate questioning. Still it makes interesting reading. "Since 1950, September has been the weakest month of the year for stocks according to Jeffrey A. Hirsch, editor of the Stock Trader's Almanac. Hirsch notes that there have been some particularly ugly Septembers in years ending in the number seven. While there have been some meaningful September drops in years ending in seven, William Schmidt, Ph.D., of Columbia University expanded the historical take to include the entire fall seasons for years ending in seven. A look at the last 100 years offers some food for thought as the calendar turns over to fall in 2007. Schmidt's review of history reveals some stunning declines. The fall of 1907 featured a banking panic that climaxed a year-long market decline of 37%. The fall of 1917 encompassed much of six-month slide of 33% while the fall of 1927 included a one month drop in stock prices of 9.5%. Stocks fell 40% in three months in the fall of 1937. The fall of 1947 was uneventful but the fall of 1957 witnessed the end of a five month drop totaling 19.4%. The falls of 1967 and 1977 did not contain a huge selling episode but the former did mark the beginning of a six month, September-to-March slide of 12.4% while the latter was part of a bear market that concluded in early 1978 with an overall decline in prices of 19%. Of course, the fall of 1987 is infamous for its crash which was part of a 35%, three month rout. Schmidt's study concludes with 1997, a fall that saw a one month drop in stock prices of 6.5%. Ten consecutive fall seasons for years ending in seven with all but one involving pain for stock owners." Best wishes, I2