Friday, October 26 is investment day.

The summer rise in the market appears to have stopped as the major indexes are now down about 3.5% from their summer highs.  Since The Seasonal Investor's divestment date, the markets are basically flat. 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 once again reinvest in the market. As the countdown timer to the right indicates, there are 2 days until the date for investment in the market.

Once again, there were no attractive alternatives for summer savings for The Seasonal Investor. From May through most of October, The Seasonal Investor parked his funds in an online savings account paying an annual rate of less than 1%, making this year the worst in The Seasonal Investor's history. However, investing in the markets over the same time returned no better return with significantly increased risk.

The Seasonal Investor extricated himself from the market with the S&P 500 standing at an average level of 1410. With two days to go, the S&P 500 stands at 1413, a gain of 0.2%, worse than being in cash over that time. Over the summer, the index had traded higher but has fallen recently. At the end of the day on Friday we will know the final tally for all of it.

So, starting at the close of the market on October 26, 2012, SPY IS WHERE TO BE!