September is traditionally the worst month for the stock market, for personal debt, and for general money morale. Summer spending sprees are registering on our statements, the happy hours and late evenings on the outdoor porch sipping mimosas are getting a bit more chilly and forced, and vacation time is at an all-time low and seems to be accruing backwards, if at all.
Therefore, it'll make a good theme for the month. The related book of the month is The Millionaire Course, by Marc Allen. And, if you haven't seen it lately, you really should see The Color of Money again. What a great movie.
Just thought you might be interested in this study (http://papers.ssrn.com/sol3/papers.cfm?abstract_id=687211) about the "Congressional Effect", which found that about 90% of the capital gains on the DJIA have come on days when Congress is out of session.
Posted by: aardila | Sep 07, 2006 at 09:55 PM