"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.