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Reply #13: To Market, or not to market... [View All]

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Maeve Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-05-03 10:03 AM
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13. To Market, or not to market...
The guns of August
It's not hard to find excuses to get out of the market right now.
August 5, 2003: 8:38 AM EDT
By Justin Lahart, CNN/Money Senior Writer
NEW YORK (CNN/Money) - Sell in May and go away the old saying goes. Following that advice this year, so far, wouldn't have been a bad thing.
Since the beginning of June, the market has barely budged, with the S&P 500 locked in an incredibly tight channel. It looks as if stocks have fallen into their typical seasonal pattern, with a big jump out of a messy October that peters out into sleepy, rangebound trading once summer gets underway. That's troubling, because seasonally August and September have historically been awful months for the market.

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