The Conservative Cave
Current Events => Economics => Topic started by: BlueStateSaint on September 30, 2012, 06:51:06 AM
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Just in time for the election. Market scares tend to happen in October, too.
'Zombie Economy' May Give Markets a Scare in October
Published: Friday, 28 Sep 2012 | 4:06 PM ET Text Size By: Patti Domm
CNBC Executive News Editor
(http://media.cnbc.com/i/CNBC/Sections/News_And_Analysis/__Story_Inserts/graphics/__HOLIDAY/HALLOWEEN/jackolantern-200.jpg)
Traders expect October to give the markets a scare, starting with news on the economy and jobs in the week ahead.
After a surprisingly good performance in the third quarter, the thinking is the stock market is ready to pull back, especially after a few choppy sessions and a new batch of data that should continue to show a slow-moving, ‘zombie like’ economy. (Read More: September Bad for Stocks? Why It's Different This Time)
Stocks logged the best third quarter performance since 2010. For the quarter, the Dow [.DJI 13437.13 -48.84 (-0.36%) ] surged 4.32 percent and the S&P 500 [.SPX 1440.67 -6.48 (-0.45%) ] soared 5.76 percent.
The coming week could provide plenty of excuses to take profits, beginning with Monday’s ISM manufacturing data, again expected to show weakness in the sector.
Manufacturing reports from China, over the weekend, and from Europe, also Monday, will provide a look at just how sluggish global activity has become. (Read More: Stocks to Ward Off China Slump?)
The rest is here: http://www.cnbc.com/id/49214466
October and the surprises that are within . . . This could be a tough month for the Obamessiah.
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It's going to be tricks but no treats from now to the election when the Magic Negro gets his ass kicked.
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I've read rumors that some folks with the power to do so are going to dump the market just before the election to help Mitt. It is very tempting to jump in on the drop to ride the bull market after Mitt is elected.