Investment Day is Next Tuesday

It was a roller coaster of a summer that has lead us to this point in the investment cycle - investment day. At the close of the market on October 26 The Seasonal Investor will turn his attention to investing in the market. As the countdown timer to the right indicates, there is one week until the date for investment in the market.

This past summer did not provide The Seasonal Investor with many attractive alternatives for summer savings. From May through most of October, The Seasonal Investor parked his funds in an online savings account paying an annual rate of 1.1%, making this year the poorest year for returns on cash in the last decade. Nonetheless, the charts say cash is where to be over the summer and The Seasonal Investor has learned to trust the carts.

The Seasonal Investor extricated himself from the market with the S&P 500 standing at 1163. With one week to go, the S&P 500 stands at 1177, a gain of 1.2%, only slightly better than being in cash over that time. Over the summer, the index had traded significantly lower but has risen in recent days. In fact, but for one of the best Septembers ever, the S&P might be sitting as much as 10% lower. In one week we will know the final tally for all of it.

So, starting at the close of the market on October 26, 2010, SYP IS WHERE TO BE!