Monday, November 5, 2012

The markets have survived what would have been, black Monday [Black Monday refers to Monday October 19, 1987, when stock markets around the world crashed], and  the black days of the 1929 crash.

[On October 24 ("Black Thursday"), the market lost 11% of its value at the opening bell. On October 28, "Black Monday", ... the slide continued with a record loss in the Dow for the day of 38.33 points, or 13%.   The next day, "Black Tuesday", October 29, 1929, ... the Dow lost an additional 30 points, or 12% ]

Hurricane Sandy has come and gone, the machinations of Europe have continued with no real resolution, the slowdown in china continues and the markets have marched on. A market perfect storm has not materialized.

The U.S. presidential election is tomorrow. Regardless of the outcome I think it is time to re enter the market. I've just got to remember my second rule, only buy stock when the stock is trending up and has shown at least a recent 5% growth.