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Dam you September!

Posted on 9/21/23 at 5:38 pm
Posted by FLObserver
Jacksonville
Member since Nov 2005
15249 posts
Posted on 9/21/23 at 5:38 pm
I predicted 3800 on the S&P in Sept & Oct but dam that's along ways off and many of my stocks seem like they have already hit where they were the last time it hit 3800 on S&P. It was true that a small percentage of stocks in the S&P pushed it way up while many of the stocks didnt do much over the last few 6 months. Hate to see where they will be if we get back down to 3800. Could be huge discounts if we get back into that range.
Posted by Nu Iota Prophet
Texas
Member since Jul 2012
127 posts
Posted on 9/21/23 at 5:47 pm to
September is traditionally a horrible market month.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
75760 posts
Posted on 9/21/23 at 6:04 pm to
quote:

September is traditionally a horrible market month.



How much of that cones from 9/11 and Lehman Brothers happening in September? There's nothing about this time of year that required those events to occur when they did.
Posted by Displaced
Member since Dec 2011
32920 posts
Posted on 9/22/23 at 11:10 am to
quote:

How much of that cones from 9/11 and Lehman Brothers happening in September? There's nothing about this time of year that required those events to occur when they did.

Probably has more to do with September being the end of the fiscal year for a lot of companies.
Posted by sjmabry
Texas
Member since Aug 2013
18609 posts
Posted on 9/22/23 at 3:01 pm to
quote:

Probably has more to do with September being the end of the fiscal year for a lot of companies.
And wealthy folks in the NE paying off vacations and paying for Ivy League education.
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