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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Land Shark who wrote (998214)2/2/2017 12:58:34 PM
From: d[-_-]b3 Recommendations

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FJB
Mick Mørmøny
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  Read Replies (2) | Respond to of 1575488
 
Dow is going to have a major haircut..
One of the financial channels recently claimed the first Feb of a new presidents term is nearly always a down month. So I plan to go to cash ASAP and profit from the "theory ".

elpasotimes.com

February could be rough for stocks
Adam Shell , USA TODAY 3:04 a.m. MT Feb. 1, 2017

Investors beware: February, already known as a blah month for the stock market, has an even more dreary performance record when a new president is in his first term.

Since 1928, February has been the third-worst month of performance for the Standard & Poor's 500 stock index, with an average loss of 0.05%, according to Bank of America Merrill Lynch data. But February morphs into the worst month of the year and the losses mushroom to nearly 4% when freshly elected presidents like Donald Trump are early in their first term at the White House. The large-company S&P 500 has finished lower more than 75% of the time in February during presidents' first terms.

Wall Street is typically hit with a plethora of new policy proposals from an incoming president's new administration that creates uncertainty, lots of change and many unanswered questions on issues related to the economy, trade, jobs, taxes and financial markets.