Wednesday, October 26, 2016 is Investment Day.
The summer fluctuations have taken us up to new highs and now back down again. Since The Seasonal Investor's divestment date, the markets are up about 3.9%. 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 is less than a week until the date for investment in the market.
The summer fluctuations have taken us up to new highs and now back down again. Since The Seasonal Investor's divestment date, the markets are up about 3.9%. 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 is less than a week 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 1%, making this year again as among the worst in The Seasonal Investor's history.
The Seasonal Investor extricated himself from the market with the S&P 500 standing at an average level of 2057. With five days to go, the S&P 500 stands at 2137, a gain of 3.9%. At the end of the day on Wednesday we will know the final tally for all of it.
So, starting at the close of the market on October 26, 2016, SPY IS WHERE TO BE!
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