Seeing not believing…

Posted on Oct 03, 2012 by in Letters

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p97142210271&a=214966864

Let's see.  According to the old market nostrum we should have sold in May and gone away.  Also we should have crawled in a hole and hidden during September as it is traditionally a difficult month.  Of course these nostrums are in direct conflict with the zen precept of looking directly at the facts.  As believers run around in circles and sit out the market because the economy is bad so the market can't be good, or worry about sunspots or Greece or the election, or some other indicator they have that is not favorable, or because there was a divergence by the Dow Transports...or...

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