Today is Investment Day

Today marks the day that The Seasonal Investor will buy into the market. Buy orders will be executed at the close of today's market and The Seasonal Investor will be fully invested in SPY.

Investment Day is Next Wednesday

Despite the recent rise in the market it was a down summer overall since The Seasonal Investor's divestment date. We are now at the point in the investment cycle that is 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 are 5 days until the date for investment in the market.

This past summer did not provide The Seasonal Investor with any 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 about 1%, making this year even worse than last year's poor returns on cash. 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 1335. With less than one week to go, the S&P 500 stands at 1237, a loss of 7.35%, significantly worse than being in cash over that time. Over the summer, the index had traded significantly lower but has risen in recent weeks. In fact, but for one of the best October in quite a while, the S&P might be sitting as much as 17% lower. Next week we will know the final tally for all of it.

So, starting at the close of the market on October 26, 2011, SPY IS WHERE TO BE!