Dow headed for best October ever

[babylonsister]

http://blogs.marketwatch.com/thetell/2011/10/27/dow-headed-for-its-best-october-ever/

Dow headed for best October ever
October 27, 2011, 11:48 AM


With a little more than two trading days left in the month, it is shaping up to be the best October ever for the Dow Jones Industrial Average. And that is saying something, since the Dow has existed since 1896, 115 years ago.

As of mid-day trading on Thursday, the Dow INDU is ahead more than 11% for the month. The previous record for the month of October was held by 1982, when the Dow turned in a 10.7% return. That’s an auspicious historical precedent, since that month came very early in that decade’s spectacular bull market which, arguably, didn’t end until nearly 20 years later.

The stock market’s impressive rally in recent weeks has confirmed the wisdom of those advisers who, in early October, urged investors to get a jump start on the so-called Halloween Indicator. That indicator, of course, is based on the stock market’s seasonal pattern to turn in its best returns between Halloween and the subsequent May Day. Their advice is motivated in part by the growing popularity of this indicator, which means that more and more investors are jumping the gun and not waiting until Halloween to get back into the stock market.

Those early birds have certainly gotten the worm this year.

[jpak]

1. D..D...D... DOOOM!!!!111

:evilgrin:

[JoePhilly]

2. Obama hates Business!!!! ..... wait, what??? Never mind.

[Puglover]

3. Whoopie.

Now another 5 percent and I'll be back to where it was last year. :)

[dmallind]

6. Did you only start investing last year?

If not it's an arbitrary point. Even if so it only matters if you invested it all as a lump sum last year and ddn't add to it in the interim (at mostly lower prices).

And you ARE counting dividemds, tax benefits and any matching in this calculation of where you are to where you were too, right?

[raccoon]

4. I'm sure all the unemployed are thrilled to hear this. nt

[malaise]

5. Please get real

Obama is only responsible for stocks tanking :evilgrin:

[Johonny]

7. I blame Obama

oh wait...

[Fumesucker]

8. Jobs?

:shrug: