Some interesting charts from The Chart Store showing how August has performed over the years.
August has been historically worse than the median suggests, due to the outsized gains (32%) in August 1932 . . .
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Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Overall household indebtedness is up from $7 trillion to almost $10 trillion since 2000. On this sum, we estimate, the American consumer has an annual interest bill of more than $500 billion; a sum, by the way, that vastly exceeds his current income growth." —Kurt Richebacher
Knowing that the vote over the weekend in Greece was really a referendum on Euro membership, a majority of the Greek Parliament said yes to staying. European Finance Ministers meet again on Wednesday to solidify the 2nd bailout package for Greece at the same time hopefully a deal is consummated between Greece and its creditors this week. The Greek 14.5b euro bond that matures on March 20th is up by 2 pts. The optimism that all will be completed and contained AGAIN to Greece has yields lower in Portugal, Spain and Italy. The iTraxx Financial Index is also narrower by...
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August 2nd, 2010 at 3:00 pm
If you drop the highest, then you also have to drop the lowest. That takes the average to about 0.6%. Everything gets worse when you take out the best occurrence. Alternatively, if you take the median, it’s about 0.9%
August 2nd, 2010 at 5:56 pm
Normally, I would agree with that, but that Aug ’32 was such an outlier …
August 2nd, 2010 at 6:33 pm
how about variability? wouldn’t that provide a better insight after removing the outliers?
August 3rd, 2010 at 7:55 am
It gets more encouraging if you isolate the mid term election years.