Seasonality

As we close the books on October, we also close the books on seasonally the weakest market period of the year (August-October). This year has been especially vicious as the various main market indices were down between 35-40% from their highs to their lows. The S&P 500's low occured on Oct. 10th. It is up about 14% from that date but still posting large double digit declines for the year.

Happily we now enter seasonally one of the strongest periods of the year (November-January). Hopefully that pattern will hold as we put to bed 2008. More on these thoughts later.

*Currently Long SPY and various S&P related ETF's for various client accounts.