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Aug
Not much of any consequence happened Thursday or Friday. We got a pullback which was not unexpected based on those two consecutive big rally days Tuesday and Wednesday.
On to August, now for the bad news, at least historically…
Since 1987, August has been the worst month for the S&P, second worst month for the DOW, and the third worst month for the NAZ. Although the last week of trading in August has been UP the last four years in a row.
I certainly wouldn’t be betting against that stat, at least not in this current market environment. So we will keep searching for ST trades that the market will serve up while things are bad… shorts, earnings, badly beaten good stocks, etc…
Coach BD
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