While most people view the last 2 weeks of August as vacation weeks, over the last 16 years important turns have taken place then:
August 25, 1987 – the exact top prior to the crash..
August 23, 1988 – low has never been returned to..
August 24, 1995 – low has never been returned to..
August 19, 1998 – top preceding 18% plunge in 2 weeks..
August 31, 1998 – important market bottom..
August 31, 2000 – 2 days before all time high..
August 24, 2001 – end of rally ,market drops 22% in under a month..
August 22, 2002 – exact rally top, market drops 21% in under a month.
Four out of the last five years have seen a major turn in August . . .
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.