Except for a brief counter-trend rally in July, the stock market has struggled since peaking in late April. Investors are concerned. For some perspective, today's chart presents the Dow's average performance for each calendar month since 1950. As today's chart illustrates, it is not unusual for the stock market to underperform during the May to October time frame with a brief counter-trend rally occurring in July. It is worth noting that the worst calendar month for stock market performance (i.e. September) is fast approaching.
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Quote of the Day
"The average pencil is seven inches long, with just a half-inch eraser - in case you thought optimism was dead." - Robert Brault
Events of the Day
August 30, 2010 - US Open tennis tournament begins (ends September 12th)
September 06, 2010 - Labor Day
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