Just a reminder. Stock market enters strongest seasonal period this week. http://en.wikipedia.org/wiki/Halloween_indicator S&P 500 raises on average 4% during next two months. Average from 1970:
Yes, it does, because according to that the "average" year is +7%. Copyright 2007 and starts in 1970....ok...
What I meant is the next two month are favorable for longs. That's all. I have plenty of short positions but one needs to be mindful of seasonality and be ready in case the market starts rallying. I am not saying it will though.