×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Hulbert | stock | Dow | September

Mark Hulbert: Don't Bank on Stock Market Drop This Month

By    |   Tuesday, 02 September 2014 02:57 PM

While September represents the worst month for the Dow Jones Industrial Average in the last 100 years "by far," that doesn't mean a decline is coming this time around, says Mark Hulbert, editor the Hulbert Financial Digest.

The Dow has slipped an average of 0.8 percent in September during the past century, compared with an average 0.8 percent climb in the other 11 months.

"If a stock-market selloff is coming, September might appear to be a likely time for it to start," Hulbert writes on MarketWatch. "But a closer look shows that a drop is no more probable this September than it was earlier this year — or will be in coming months."

Editor’s Note:
5 Shocking Reasons the Dow Will Hit 60,000


That's partly because most September declines have come in years when stocks already were falling, which they aren't this year, he says. The Dow gained 3.1 percent in the first eight months of 2014.

When the index has suffered a loss in the year's first eight months during the past century, it followed with a drop in September more than two-thirds of the time.

But when the Dow has climbed in the first eight months, it enjoyed a gain in September as frequently as it suffered a decline, Hulbert notes.

With the Dow and S&P 500 perched near record highs, many investors remain bullish.

"The market is probably [already] pricing in stronger numbers on the economic side, but it's still very much positive," James Liu, global market strategist at JPMorgan Funds, tells Reuters.

"We are expecting to see stronger economic numbers, the market is certainly expecting that." And if it happens, stocks can keep rising, Liu notes.

Editor’s Note: 5 Shocking Reasons the Dow Will Hit 60,000

© 2021 Newsmax Finance. All rights reserved.


Finance
While September represents the worst month for the Dow Jones Industrial Average in the last 100 years "by far," that doesn't mean a decline is coming this time around, says Mark Hulbert, editor the Hulbert Financial Digest.
Hulbert, stock, Dow, September
291
2014-57-02
Tuesday, 02 September 2014 02:57 PM
Newsmax Media, Inc.
More Articles
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved