5 replies to this topic

[Rogerdodger]

Per Mike Burk:

"The 3rd year of the Presidential Cycle is the strongest of the 4 and, since 1939, the first 9 months of the 3rd year of the Presidential cycle have never been down. Although up, this year ranks as the worst since 1947.
The next chart shows the DJIA, SPX and NASDAQ composite in 1971.
In the first 9 months of 1971 the DJIA was up 7.05% compared to 7.18% this year.
There are similarities between 1971 and the current period. The indices were down sharply in late July, bottomed in early August and finished August up. September began with a strong rally to the high for the month (perhaps the same as this year)."

Edited by Rogerdodger, 09 September 2007 - 10:46 AM.

[pdx5]

We did not have bubble blower Greenspan in 1971! We need another Volcker for Fed chair.

Edited by pdx5, 09 September 2007 - 11:52 AM.

[selecto]

Sell Rosh Ha Shana, buy Yom Kippur

[rkd80]

Sell Rosh Ha Shana, buy Yom Kippur

sweet, my people!

[dcengr]

The 3rd year presidential cycle vs the year ending in 7 cycle... which will win out? I did check every year ending in 7 between august and november, and it wasn't pretty.. thats not a whole lot of data points, but neither is the presidential cycle.

[SandStorm]

We did not have bubble blower Greenspan in 1971!
We need another Volcker for Fed chair.

This sounds crazy and different than what we are used to in the Greenspan era. But Ben might just surprise you, teaching Wall Street a lesson for calling him an academic.

A Paul Volcker Ben will scare the bjesus out of Wall Street.