Traditionally Bad October Hasn't Hurt Markets Yet

[Rickson9]

2009 ytd

nasdaq +34.6%
s&p/tsx +28.4%
s&p500 +18.0%
dow +11.6%

[Canadian]

Originally Posted by Rickson9

2009 ytd

nasdaq +34.6%
s&p/tsx +28.4%
s&p500 +18.0%
dow +11.6%

I won't be surprised if the above numbers change to the following within the next 2 months:

nasdaq -5%
s&p/tsx +0%
s&p500 -10%
dow -10%

[Rickson9]

Originally Posted by Canadian

I won't be surprised if the above numbers change to the following within the next 2 months:

nasdaq -5%
s&p/tsx +0%
s&p500 -10%
dow -10%

Conversely, would you be surprised if the gains continued until the end of 2009?

[trent]

Originally Posted by Rickson9

Conversely, would you be surprised if the gains continued until the end of 2009?

I don't know about Canadian, but I wouldn't be surprised if this rally continues for a little longer. This however doesn't change my view that there will be another vicious leg down in most stock markets in the next few months.

[Rickson9]

Originally Posted by trent

I don't know about Canadian, but I wouldn't be surprised if this rally continues for a little longer. This however doesn't change my view that there will be another vicious leg down in most stock markets in the next few months.

That would be a very nice thing to happen!

"I would offer you a significant sum of money if you could give me the opportunity for all of my stocks to go down 50% over the next month."
-Warren Buffett, 2008 Berkshire Hathaway shareholders meeting

I'm not willing to pay anything for a huge leg down, but I'll still take it!

For myself, I have no opinion on where the market is going - up or down.

[trent]

Originally Posted by Rickson9

That would be a very nice thing to happen!

"I would offer you a significant sum of money if you could give me the opportunity for all of my stocks to go down 50% over the next month."
-Warren Buffett, 2008 Berkshire Hathaway shareholders meeting

I'm not willing to pay anything for a huge leg down, but I'll still take it!

For myself, I have no opinion on where the market is going - up or down.

I'm watching several stocks and if the market goes down significantly I'm planning to buy heavily.

[Rickson9]

Originally Posted by Canadian

I won't be surprised if the above numbers change to the following within the next 2 months:

nasdaq -5%
s&p/tsx +0%
s&p500 -10%
dow -10%

2 months since the post and no dice yet.

[Journeyman]

Trent what stocks are you watching?

[trent]

Energy and commodities in general.