The Ominous October 0
Oct24
In years past, the month of October has been an incurable disease, a degenerative virus on our portfolios. Three weeks through October this year, 2009 will likely turn out to be mild.
- DJIA COB 23 Sept 2009
- DJIA COB 23 October 2009
The flirtaciously inverse relationship between the dollar and gold this month have witnessed the Dow (^DJI) test itself. Much to participants’ surprise, we’ve watched it test the waters north of 10,000 already, just 7 months or so after the year’s lows on/around 09 March, when the Dow closed at 6,547.49. We have closed up 52.3% from this fearful day. Now only roughly 41.1% to go to to the, ironically all-time-high of 14,093 on 08 October 2007.


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