September Stock Market Blues?
Friday, August 30, 2013
September is historically the worst month for the stock market. Add to that, a showdown over government spending, unrest in the Middle East and nerves about what the Federal Reserve is going to do, and things start to look dire.
But is there really anything to worry about?
This week on Money Talking, guest contributors Diane Brady of Bloomberg Businessweek and Robert Armstrong of the Lex column in the Financial Times weigh in on what economic indicators and other factors say about whether the market might soar, tank or just do OK this September.
Looking ahead, Armstrong is watching gold and bank stocks, which he calls great markers of irrational panic.
Brady is keeping an eye on Russia's economy (and how many push-ups President Vladimir Putin can do).