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Money flows from harvesting once made August a great stock market month in the first half of the Twentieth Century. It was the best DJIA month from 1901 to 1951. However since then and even more recently, over the last 21-years, August has been a disappointing month. The first eight or nine trading days have historically been weak with the major indexes shedding around 0.4% to 1.2%. This weakness is then followed by a brief mid-month rally that typically lasts until the 13th trading day. From there until late month the indexes have tended to wander sideways to lower before springing back to life ahead of month’s end.
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Image and article originally from jeffhirsch.tumblr.com. Read the original article here.