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A September To Remember
September is the only month where the DJIA has averaged declines for the past 100, 50 and 20 years. So what was August... a warm-up? Before last Monday's plunge we asked in this space whether August was the fat lady gargling before September. Thursday will be the 86th anniversary of the 1929 top and with Mr. Market showing a lot of respect for anniversaries this year and Thursday being the around the 7th trading day from last Tuesday's closing low things should get dramatic again. The thing is, the market is not a fine Swiss watch. It doesn't owe us a perfected 50% retrace to 1999 SPX or a picture perfect 6 to 7 day ... (full story)