Monday, October 6, 2014
Sell Rosh Hashanah, buy Yom Kippur?
Art Cashin says you should sell Rosh Hashanah and buy Yom Kippur, because I guess he feels that observant Jews are still supposed to be powerful enough to influence the stock market somehow, demographics be damned.
I'm writing this post after Rosh Hashanah, with the S&P weak, IWM collapsing -2SD, and $VIX in an upward trend.
This post is scheduled to get pubelished* on the first Monday after Yom Kippur. Let's see if the market starts rebounding after this post.
In any case, American Thanksgiving comes in November, and the other clever theory out there is that the happiness chemicals in turkey (and overeating generally) make stock market people more likely to buy stocks.
* - I find it's funnier when you pronounce the word "pube-lished".
at 6:17 AM