Sunday, September 15, 2002
Posted by Roberto
12:39 AM
0 comments
THE STOCKMARKET :: OCTOBER THE BEAR KILLER?
October is reputed to be the biggest wealth destroyer:
:: crashes in 1929, 1987, the 554-point drop on Oct. 27, 1997, back-to-back massacres in 1978 and 1979 and Friday the 13th in 1989
October is also a bear killer, having turned the tide in nine post-World War II bear markets.
Short interest:
We are at record level of short interest in the market:
:: August 8,079,414,124 shares
:: July 7,554,090,306 shares
A massive rush by short sellers to buy stocks they sold may also generate the type of increased trading activity that bull markets thrive on.
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