Re to loveovervalued "I've taken advantage of lots of opportunity over the years in September-October."
One more data bit.
From this date to Jan 7 of the following year: (20% of the calendar)
10-26-95 gain 7.2% 10-28-96 gain 8.0% 10-27-97 gain 9.9% 10-27-98 gain 19.2% 10-26-99 gain 12.4% 10-26-00 loss (5.0)% 10-30-01 gain 9.9% 10-29-02 gain 4.6% 10-24-03 gain 9.5% All in the S&P500 data Average gain 8.4% per year (for period 2.4 months) Eight of nine years gained 4% or more in the period.
As to the Dow, 11723 on 1-14-00 Take 3% inflation, one time per year for the 6.7 years and that is equal to 14292. Based on day before yesterday, Dow is behind 2603 points or -18.2%.
RUT 507.56 on 1-14-00 Do the inflation the same and that is equal to 618.78. Actual on day before yesterday is 732.54 or +113.76 points or +18.4% in real value.
So does it matter that the Dow might find it's way back to -18%? Only the news cares to fill the time slot with noise. I'm off the soap box now.
Re to:love "have seen the lows during the "Sell in May and go Away" period."
That period is not in good form. It was taken by using the best 6 months vs the worst 6 months of the year. Since we are not bound by 6 months, then maybe there is better info. It was a catchy phrase used to sell a web site.
If you use 1990 through 2005, using the S&P500 as a proxy.
From the first of the year,
6-5 it is +4.7% 7-13 it is +4.7% again. Not inbetween those dates, so we have a double peak.
By 10-9 the gains are down to +0.7%.
By the last day of the year, it is +8.3%
Sell in May? Maybe about June 5.
Buy on or about Oct 9 and the last quarter of the year is about +7.6%. Actually it is only 23% of the calendar.
Well worth the look at his life story read. look up Dan Duncan on search.
" Native of small-town Center, Tex. was raised by grandmother from age 7 after mother and only sibling died. Cites grandmother's motto, "Do the best you can every day," as foundation for his business philosophy. Roughneck after high school; Army stint. Studied at Massey Business College and South Texas College before starting Enterprise Products with 2 partners, 1 truck and $10,000 in 1969. Bought out last partner 1989, went public 1998 as master limited partnership; still owns 53% of company."
To the people of Baylor College of Medicine, Duncan is a respected and valued member of the College's Board of Trustees and one of the institution's most fervent supporters. He is also a former patient and cancer survivor, distinctions that give him a uniquely personal perspective into the vital work that Baylor does and its impact on the health and lives of the community.