October

Equity markets in Europe opening a tad lower after Bernankes comments yesterday. October is still seen as a bogey month for investors as two major stock market crashes have occured in that month. But since 1998, October is the best month for US equities.

We have Columbus day on Monday, with the bond market closed. However, DOW is up 24 out of the 28 last observations that day and the last 8 years the market is up on that day. Generally speaking, US equity market tends to be bullish for the first three days next week leading into October expiry.