Stocks have, on average, swooned in September, wiping out gains in the last 20, 50 and 100 years. Will history repeat itself this September?
Big institutional investors such
as Blackstone and Wells Capital Management have raised concerns that
this summer rally could grind to a halt. The Leuthold Group's Doug
Ramsey told The Wall Street Journal that an 8% to 10% market correction was coming and "there's a good chance that it would wipe out all the gains for the year."
Yahoo Finance's Aaron Task says
investors should be worried because the "S&P has gone up like a
scalded cat" but he doesn't expect markets will drop simply because of
the calendar year. "There will be some catalyst for a selloff," he
argues in the video above. The S&P 500 Index has gained a little
more than 8% since the beginning of the year and is up 94% over the past
five years.
What catalyst could bring down
the markets? Task isn't sure, but he doubts current geopolitical events
or a shift in U.S. monetary policy will be the reasons. He says
investors have largely shrugged off rising tensions between Russia and
Ukraine and the fighting in Israel and Gaza this summer.
沒有留言:
張貼留言