25 Oct 2002 Still Bumpy, But A Better View
Posted at 16:35h in The Friday BriefWe are nearing the end of October – Hallelujah! EVERY bear market since the end of WWII has ended before November 1st of that bear market year. EVERY seasonally strong period (November to April) in the second year of the presidential election cycle (like this one) has produced an up market. And as Don Hays points out, we know that every time since the 1930’s that six-months of Dow weakness equaled or exceeded by the prior six months, is followed by a six-month period producing gains of at least 40%.