Week in Review | financial news, news review, foreign affairs and
economic commentary
Week in Review
The day begins at 5:00 a.m., as Brian Trumbore reads some 15 papers online, as well as hard copies of two or three other
journals, to glean all the financial
news as well as geopolitical items from around the world to begin to build
the week in review. Throughout the day, it’s a non-stop news review, in
essence, as the financial news piles
up.
At 4:00 p.m., it’s time to
review many of the same online sources following the market’s close, and then
around 7:30 p.m., its back to some of the other global sources, plus over 20
business and political journals that arrive weekly and monthly, for more financial news and foreign affairs, all part of the week in review.Then the
next morning it starts all over again, seven days a week.
Week in review is the only column of its kind that truly supplies
one with all the geopolitical and financial
news that both the average investor and follower of the world scene needs
to compete in our information age.Online Investor magazine rated StocksandNews.com No. 1 for economic commentary for 2000-2002 and
we’ve only gotten better since.
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Wall Street History
08/27/2010
September and October
Time for our annual look at the September-October time period, which is known for historic market bottoms, tops, and crashes. Just in the past ten years, the S&P 500 hit a key cycle low of 776 on Oct. 9, 2002, and then exactly five years later, Oct. 9, 2007, hit its all-time high of 1565; the latter a figure that may take awhile to surpass given today’s S&P at around 1100, after bottoming at 676, March 9, 2009, on a closing basis.
Since 1950, though, specifically Jan. 1950-April 2009, September was up just 25 times and down 33, when it comes to the S&P 500, with an average decline of 0.7%, the worst month for the index. October, though, despite high-profile crashes in 1929 and 1987, for starters, is up an average 0.6% over the same period, with 35 up and 24 down.
Nasdaq, which had its inception in January 1971, has witnessed an average return of -1.0% for September thru 4/09, while October is up 0.3%.
S&P 500 monthly percentage returns…September… October
