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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (14383)	9/25/2015 8:18:35 AM
From: Goose94	Read Replies (1) \| Respond to of 202704

DOW futures in the green

To: Goose94 who wrote (14383)	9/25/2015 10:15:10 AM
From: Goose94	Read Replies (1) \| Respond to of 202704

Crash Month, Debt Ceiling, Global Slowdown: Take Your Pick October is crash month. Think 1929, 1987, 1989, 1997, and more recently the 733 point drop in the Dow Jones Industrial Avearge in October 2008. "During the week ending October 10, 2008, DJIA lost 1,874.19 points (18.2%), the worst weekly decline in our database going back to 1901, in point and percentage terms. It is no wonder that the term “Octoberphobia” has been used to describe the phenomenon of major market drops occurring during the month. Market calamities can become a self-fulfilling prophecy, so stay on the lookout and don’t get whipsawed if it happens," wrote Jeffrey A. Hirsch, editor of the Stock Trader's Almanac in a research note to clients. US fiscal year ends September 30—is another government shutdown looming? The U.S. hit its $18.1 trillion debt limit in March. In recent months, the Treasury Department has relied on various accounting actions to keep paying the bills. The Congressional Budget Office (CBO) is on record estimating the Treasury will run out of cash around mid-November to early December. "The US risks a federal government shutdown if Congress does not pass funding legislation by the end of the current fiscal year on September 30 (just six of the 12 necessary spending bills have been passed so far)," Fitch Ratings said on September 23. Manufacturing activity is weakening worldwide. China's manufacturing activity index –the Caixan PMI index slid to 47.0 for early September, its lowest reading since the 44.8 of March 2009. Back in the U.S, Caterpillar Inc. announced it would slash over 10,000 jobs between now and 2018 as revenue projections continue to fall. The move by Caterpillar suggests the company expects the recent downturn in global demand, especially in the mining and energy sectors, for its heavy equipment machinery to persist.