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ZT from http://www.timingthemarket.ca/techtalk/
Thackray’s 2010 Investor’s Guide notes that the month of September is the weakest performing month of the year. Data since 1979 shows that average losses per year were 1.0% for the S&P 500 Index, 1.3% for the Dow Jones Industrial Average, 0.9% for the NASDAQ Composite Index, 1.0% for the Russell 1000 and 0.8% for the Russell 2000.
Tech Talk has completed a series of 10 year studies that confirms continuation of weakness in most equity markets around the world. Following is a summary:
Market Average Percent Change
Per Year in past 10 Septembers
S&P 500 -2.43
TSX Composite -3.00
Dow Jones Industrial Average -2.40
Russell 2000 -1.74
NASDAQ Composite -5.05
Dow Jones Transportation Average -2.82
Nikkei Average -2.74
London FT -2.63
Frankfurt DAX -4.04
Paris CAC -3.69
Australia All Ordinaries -0.23
Brazil Bovespa +1.45
Shanghai Composite +0.65
All S&P sectors moved lower except energy
Market Average Percent Change
Per Year in past 10 Septembers
Energy +0.42
Consumer Staples -0.12
Health Care -0.34
Telecom -0.81
Financials -0.95
Utilities -1.52
Industrials -2.14
Consumer Discretionary -2.56
Materials -3.57
Information Technology -6.83
Weakest subsector was the Semi-conductor Index (SOX), down an average 12.03%.
Gold and gold equity indices were notable exception. Gold gained an average of 4.52% per period. The Philadelphia Gold and Silver Index added 3.22%. The Amex Gold Bug Index improved 5.06%. Silver also gained 2.17%.
Other commodities did fair as well. Crude oil slipped 2.93%. Copper eased 0.85%. Platinum fell 4.36%. Aluminum lost 1.00%. Lumber plunged 11.49%. |
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